According to traders and analysts, if BTC/USD offers more than $ 97,000 a week, Bitcoin starts “Attractions on ATHTON ATH.”
The reason why Bitcoin price should be more than $ 97,000
Bitcoin Price is trading in three consecutive sessions for three consecutive strong sessions for 6% higher than the lowest $ 95,000 on February 18, depending on the data of the COINTELELEGRAPH Markets Pro and TradingView.
According to REKT Capital, a merchant and analyst, Bitcoin (BTC) is higher than an important level of $ 97,000.
relevant: The next $ 108K BTC price? Bitcoin reaches the bull market ‘Pivot Point’.
Analyst explained on February 20 that “Bitcoin requires more than $ 97,000 for more than $ 97,000.”
The accompanying chart showed that Bitcoin was sitting in immediate support for the lower limit of the pennant at $ 97,028.
‘In the last three weeks, Bitcoin has been torn down than the triangular structure while maintaining the pattern. “
BTC/USD weekly chart. source: Work capital
In the previous post that analyzed the same settings, Rekt Capital said:
“Bitcoin prices must keep the lowest level this week to maintain the pattern.”
Warren Muppet, a fellow merchant, discovered the first Bitcoin transaction for the first time for the first time on February 4th.
The trader said that if the price of the BTC is finished above this level, it can cause a rally with a new highs if it is higher than the weekly trend.
“Tomorrow we will reject $ 98,000, a strong short signal, but tomorrow we must assume an attack on ATH if we see the nearest one.”
BTC/USD Maeil Daily Chart. source: Warren Muffet
BTC is traded above the level of major support.
Analyzing Bitcoin’s realization price distribution (URPD) will help you determine the location of the current derivative or UTXOS set. This provides insight into interest in cost standards, support and resistance.
According to GlassNode’s data, some of the main bitcoin support levels to watch are $ 97,500 and $ 96,450.
Bitcoin URPD data. Source: Glass Node
On the other hand, the latest liquidation data of CoingLass shows the importance of Bitcoin’s immediate resistance of more than $ 98,000.
The chart below shows the walls where bidding liquidity is built in this zone, which suggests that it can act as a magnet of the BTC price. Violation of this cluster, especially $ 100,000, will be a big step in checking the trajectory for the highest level.
Bitcoin weekly liquidation heat map. Source: COINGLASS
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.