Here’s what analysts say – Tradingview news
The price of Bitcoin continued its fall, throwing below several key levels in the last days. Everything now, Bitcoin hoveres above $ 87,000, marking the weekly decline about 7.7%, and 19.6% decreases from their years of over $ 109,000 recorded earlier this year.
In the midst of this decline, various market analysts were taken on social media to strive for possible causes of the flood and what could reach leading cryptocurca.
Diverse for predictions for the next bitcoin move
First on the list is a CRIPTO analyst Titan Criple who recently shared its perspective on X, suggesting that Bitcoin’s monthly close could offer important clues. “Until the BTC contains above 38.2% of the Fibonacci’s retrebation, the Bull’s performance remains intact,” analyst said.
It is known, in traditional and crypto markets, is equally considered a significant indicator because it reflects the permanent market for a long time. The powerful monthly close above the key technical levels can signal a constant force, while close below such thresholds can indicate a further drop.
Prominent traders Gareth Volovai offered a wide forecast, indicating that Bitcoin could or to fall to $ 75,000 or overpresses to $ 125,000 in the coming months.
Gareth Voljai says Bitcoin would go to 75k or 125k dollars, he could be wrong, he didn’t know. And yes, that would still be going to the 200K dollar Eioi. Amazing analysis. pic.twitter.com/tlcvsl4vua
Other analysts took over the bear attitude. Coinmamba, another famous character in Cripto Community, pointed out the remote effect of MicroStratgie’s large purchases Bitcoin.
“The only reason we had this great objection Bitcoin was a consequence, approaching,” Coinmamba wrote, adding that Bitcoin’s prospects of Bilcoin, adding that Bitcoin was on Altcoin.
Meanwhile, Cripto Caesar proposed a possible decline at $ 73,000 levels, inviting a mixture of technical and basic indicators that indicate additional potential.
Optimism in the middle of the bear
Despite the bears from some analysts, numerous investors remain confident in the long-term trajectory of Bitcoin. Max Brown, expressed a strong conviction in X, stating, “Bitcoin goes to $ 150k. Don’t let anyone tell you otherwise. We will keep your coins on 10K-50K.”
This is a feeling, while ambitious, emphasizes the resilience of some owners of Bitcoin who look at current price reduction as a temporary feedback, not structural weaknesses.
Similarly, the investor known as lemon shared a simple current drop navigation strategy: “I will start buying every day at $ 85 to $ 75K. I’ll sell to the end of the year above $ 110 120k.”
This approach, emphasizing constant accumulation and a clear exit strategy, reflects the measurement form of optimism among long-term supine supporters.
Featured image created with DALL, graphics from Tradingview
https://s.tradingview.com/static/images/illustrations/news-story.jpg
2025-02-26 09:30:00
