Bitcoin has been around the $ 109,000 barrier for some time. According to several analysts, it is crucial that the currency remains greater than $ 108,000. In fact, a fall below this level could mean a serious change of trend, according to analysts from the Crypto Daan Crypto Trades.
Bitcoin price near your file
“You don’t want it to come back below $ 108,000 at the moment,” said Daan Crypto Trades on Thursday.
According to him, Bitcoin It is under significant rupture. Last Thursday, the price was still at $ 110,498, but lasted little. Friday morning, the price had already saved $ 109,250. With this, the price is always 2.5% Historical maximum Previous of $ 111,970.
The uncertainty of the market exerts considerable pressure on long positions. Analysts underline The risk of more than $ 2.6 billion in earrings that could be liquidated (sales increase) in the event of a sharp decline. Daan said:
“Any closure around this $ 110,000 region would be good.”
Other Crypto analysts remain positive
The cryptanist Milescher is positive for the market: “It is very difficult to be a bass player here. Other market experts, such as Cryptofayz and Markus Thielen, 10x Research, also believe that Bitcoin You can keep your trend up. If the current historical maximum is broken, they say that the price could continue to go up to the $ 116,000 mark.
Thielen hopes it could happen at the end of July. According to him, this is due to the continuous entries in the Bitcoin ETF at the US Cash. Uncertainty about the interest rate policy of the American central bank can also create additional purchase pressure.
However, according to Daan, this market phase is not like the previous ones.
“Follow the same diagram: it stagnates, diverges below, takes the beach and then goes up,” he explains.
However, in his opinion, he still lacks strength to break. Currently, it is always exciting to know if Bitcoin can overcome its previous history. Consequently, the next few weeks, and in reality all the month of July, these are always important moments for Bitcoin.
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