NEWSLETTER
The massive sale of bitcoin, which dominated the majority of the weak, seems to be decreasing, with the price of btc recovering a recovery in the range of $ 80,000 to reach a maximum of a day of day at $ 85,120.
Some merchants believe that bitcoin (btc) was behind by a rebound, since some of their technical indicators had become. Those who support that belief warn that once the offers are filled near the recent minimums, if the new buyers cannot maintain the impulse or flow of negative macroeconomic news, it is likely that btc will check its recent minimums.
Highstrike and crypto Trading JJ options had a different opinion, <a target="_blank" data-ct-non-breakable="null" href="https://x.com/JJjanitor/status/1895523573399490562″ rel=”null” target=”null” text=”null” title=”null”>annotation These “Coinbase” spot offers were “full”, which represent the “first launch of the offers that exceed the questions now from the bottom of September to $ 52,000”.
bitcoin offers offers in Coinbase full. Source: JJ el Conserje
Regardless of bitcoin's short -term price action, many analysts continue to say that historical data highlights the recent reduction as a main purchase opportunity.
In x, the little merchant Jake or <a target="_blank" data-ct-non-breakable="null" href="https://x.com/JO_wintermute/status/1895437712087290138″ rel=”null” target=”null” text=”null” title=”null”>saying,
“For anyone with long -term condemnation in space, the current disconnection between positioning/feeling in the face of the foundations has never been better. The configuration feels similar to August 2024 as Spot submerged below $ 50K in mass settlements and I think we will see great operations in the next sessions. “
Cryptographic fear and greed index. Source: Jake O / x
Related: bitcoin bounces at $ 84k – analysts say that btc Crash was Ultimate Buy Signal
From a technical perspective, the rented market analyst Aksel Kibar <a target="_blank" data-ct-non-breakable="null" href="https://x.com/TechCharts/status/1895492900634632401″ rel=”null” target=”null” text=”null” title=”null”>described bitcoin sweeping of the level of $ 78,000 as a “new test”, but refused to say if a price fund had been achieved.
bitcoin 1 day graph. Source: a
The impulse and technical merchants must take into account that the RSI Diario de bitcoin remains in a deeply overene territory, and despite the strength of today's rebound, the daily pattern of candle of lower and lowest minimum ups and downs. Not establishing a daily candlestick that generates a higher maximum could be an early sign that the bearish trend is not yet complete.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
