NEWSLETTER
With Boldist pressure Assembly in the dynamics of the bitcoin market, The badly active It is likely that a greater price decrease in the next few days is experienced. However, several support ranges continue to act as an obstacle to recent negative movements, retaining extended correction.
Trending line support to determine the next bitcoin phase
bitcoin's price action hangs in the balance, since the expert in crypto and merchant Rekt Capital attracts critical support of the line of trend as the main defense against greater losses. Rekt Capital's <a target="_blank" href="https://x.com/rektcapital/status/1883929695357395370″ target=”_blank” rel=”noopener nofollow”>analysis It addresses the possible phase of btc in the light in the light of high volatility that has happened to the market.
The expert believes that maintaining this line of trend support It could stabilize the market, allowing btc to gather enough impulse for a rebound to higher levels. This shows the importance of maintaining support, otherwise, bitcoin runs the risk of deeper correction.
When deepening the price movements, Rekt Capital stressed that btc You are having problems maintaining the range of $ 101,000 as indicated by the black line on its graph. However, it continues to test the blue diagonal line at the level of $ 99,158 as support.
Since this blue diagonal defines a trend, the additional price decreases to the lowest $ 90,000 could be prevented whenever it remains a point of support. It is likely that a break below the support alters market dynamics as speculation about a Bear season in view emerge within the community.
Although bitcoin has recently faced a significant negative movement after a general market accident, the asset continues to dominate the entire cryptographic sector. Rekt capital <a target="_blank" href="https://x.com/rektcapital/status/1883931338933428351″ target=”_blank” rel=”noopener nofollow”>outlined That btc domain is constantly rising, even when its price fluctuates.
An increase in btc sovereignty It implies that investors persistently choose it as a safer asset in light of volatile periods. As a result, the analyst declares that the bitcoin season is still intact until new notice, with merchants seeking btc stability during unfavorable times.
While btc continues to dominate the market, the tide will eventually change in favor of the Altcoins in the predictable future, causing a potential beginning of the long -awaited Altcoins season. Meanwhile, Rekt Capital urges investors and merchants to be patients, indicating their confidence in an imminent season of Altcoins.
Massive funds that flow to btc to reinforce the price of prices
Despite the yields of diminishing prices, investors show a substantial interest in btc as evidenced by massive funds in historical Stock Exchange Funds (ETF) Spot Bitcoins (ETF). Economist and author of the Timothy Peterson Network <a target="_blank" href="https://x.com/nsquaredvalue/status/1883523207506055205″ target=”_blank” rel=”noopener nofollow”>reported that capital tickets have exceeded $ 40 billion, marking their highest level.
The data reveal that the monthly amount invested in bitcoin Spot ETFS has increased to approximately $ 5 billion since October. Specifically, the Net Fund of Exchange Products resumed their growth after 1 month in stasis.
Therefore, the economist is confident that a persistent increase in Capital entrance It would activate a monthly price increase for btc between $ 10,000 and $ 15,000. This growth suggests greater adoption and demand for exposure to btc through financial products.
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