Will BTC rise or drop to $ 76,000? – Tradingvief news

The Bitcoin (BTC) price showed only a side movement on the last day, which led to a slight loss of 0.37 %. In the larger time frame, BTC is still in a strong unification range ranging between 95,000-98,000 dollars, putting the majority of merchants at an alert for an immediate team. Meanwhile, a market analyst with X Username Cryptodo7 participated in some ideas about the current BTC market structure that highlights the main price levels affecting the short term.

Bitcoin in Major Crossroads – Is it an accident up to $ 76,000?

Bitcoin registered the highest new level ever at $ 109,114 on January 20, and US President Donald Trump took office. However, the first cryptocurrency has struggled to create any strong upward momentum since then, as it slipped into the integration ranges.

Currently, BTC is trading about $ 97,000 with no declaration in its future direction. According to Cryptodo7 in X Publishing on February 15, the origin of assets was of $ 109,000 a strong resistance to the descending translation with a representation of $ 102,000 as a third point of resistance.

In the event of any outbreak of prices, the encryption analyst is assumed that Bitcoin will witness a significant decrease if it fails to exceed $ 102,000 to provide a serious opportunity to photograph the market. In this case, Cryptodo7 is created on BTC to decline to $ 84,000, which represents a possible support zone as a large amount of buyers may interfere.

However, if the current Bitcoin situation continues to weaken, leading to a fixed price decrease, the next critical level of watching is $ 91,800. Cryptodo7 warns that price interruption is less than 91,800 dollars is likely to create a backrest scenario where this level is temporarily re -testing as resistance before the decline. In such a case, Bitcoin can decrease to $ 76,000 that is in line with double historical structures that often act as a strong support or a reverse area.

Bulls Market is hanging up to 108,400 dollars

In terms of the resumption of the bull, BTC must show signs of restoring its previous levels of 108,400 dollars, the final confirmation is likely to be reversed.

According to Cryptodo7, the successful price exceeds $ 108,000 based on both daily and weekly will nullify all the vibrant predictions that indicate a renewed trend, with the possibility of new price discoveries. At the time of the press, Bitcoin trades at $ 97,593, after winning 1.18 % last week. However, the daily trading volume has currently decreased by 45.53 % with $ 17.38 billion.

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