Thursday, Bitcoin It underwent a slight impulse to the threshold of $ 87,000 as the entire cryptography market won traction after key news and developments in the sector. After the brief increase, the flagship seems to be losing steam. The BTC price may have dropped, but many analysts prevent a bullish investment towards new heights.
Next advantage for Bitcoin New Objectives
The price of Bitcoin has begun to decrease again after experiencing a slight rebound. The asset faced a strong resistance in the $ 87,000 brand, which caused it to quickly turn over the $ 83,000 support range.
Despite losing his ascending impulse, Mags, an analyst and crypto merchant outlined Indicators that point to a short -term upward increase. MAGS predicts that BTC could be on the edge of an important rally, provided that it maintains stability in a crucial support area.
According to the market expert, this support could serve as a springboard for an increase in a new historical maximum for BTC. The expert considers the next rally and chance For those who lost the previous fallcoin falls at $ 25,000 and $ 52,000.
Navigating Bitcoin’s performance in this Toro race, MAGS stressed that level 45 of the Relative Force Weekly Index (RSI), which represents the last two local funds, has been a solid support area. Meanwhile, this level could also act as a solid support against the recent descending.
The initial test occurred when the badge active reached a minimum of $ 25,000. However, it followed a significant rally of more than 193%, which brought the value of BTC to the previous one of $ 73,100. In the second stage, BTC marked a minimum of $ 52,000. After that, he saw an increase in the price of 107% by its current maximum of $ 109,400 of all time.
Currently, the asset has witnessed his third evidence, since he collapsed to a minimum of $ 76,000. Thus, MAGS believes that past trends could be repeated, feeding an advantage to new higher levels In the coming weeks.
If the level 45 weekly RSI is maintained and simply returns to the decline trend line, the expert anticipates a 64% increase in the area. Looking at the graph, this movement would bring BTC to a value of $ 128,000, which is aligned with the extension level of 1,618 fibonacci.
The BTC market moves to extreme fear
With the Market that movesBitcoin’s fear and greed index has become the extreme fear zone again, which reflects anxiety between investors. This change implies that merchants are increasingly cautious since Bitcoin does not cling to crucial levels.
While may seem worrying, magazines noted That extreme fear has preceded a strong rebound in BTC every time it reaches the area. In addition, he mentioned that the indicator fell for the last time to extreme fear when Bitcoin was valued at $ 54,000 in September 2024.
Meanwhile, prices increased in more than 102% last time. Since the index falls to extreme fear, Mags believes that BTC It could witness a short -term pricing reversion.
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