Senior analysts specify 3 favorable areas to continue the price of bitcoin

Castillo Trading analysts the main Bitcoin input areas, highlighting levels for possible long sites before the expected correction.

Bitcoin has witnessed noticeable fluctuations recently, decreasing to less than 80,000 dollars several times last week before it flourished to the peak of $ 86,000. Meanwhile, it is now trading about $ 84295, an increase of 0.53 % a day and 3.41 % during the week.

It is worth noting that the recent bitcoin fluctuations have brought many critical resistance levels in focus. according to The graph shared by the Castillo Trading analyst, and several levels of naked control points (NPOC) as possible barriers of prices in the direction of Bitcoin.

NPOC areas are large areas of historical size and price interest, where repercussions or monotheism occur. The main levels include $ 107,877, 104,802 dollars, 98,407 dollars, and 95,756 dollars. Each of them works as a potential resistance area where the price procedure can be reflected if Bitcoin moves up.

For context, NPOC is a high price level of a previous session that has not been reviewed in subsequent days. Like price gaps, NPOCS is often tested and tends to behave like a magnet, which restores the price to it.

Long entry areas for Bitcoin

In the analysis, the most prominent Castillo Trading is the main entry areas where they look at long locations. The analyst suggests that the most convenient entry points lies between the price range of $ 82,000 and $ 75,000. It also sets about 82,000 dollars, $ 76,949 and 74,265 dollars.

It is worth noting that the analyst has chosen these levels based on NPOC, where they can provide support if Bitcoin sees prices correction. Basically, a great recovery of BTC is expected to have a correction by determining long situations of these points.

Big pregnant behavior and exciting developments

At the same time, and Analysis by INTOTHEBLOCK It reveals a decrease in the big pregnant’s flows, which supports the short -term firm feelings. Specifically, adult holders’ flows decreased by 29.05 % during the past week. This indicates that the largest players in the market are less active.

On the other hand, over the past month, the large pregnant women flows increased by 465 %, which reflects a significant increase in bitcoin accumulation during this period. Over the past ninety days, the trend has also been positive, with a 108 % increase in large holder flows.

In addition to the recent market dynamics, it was $ 1.26 billion in bitcoin (14,929 BTC) Recently, unstable From the decentralized Babylon platform. This event coincided with a brief decrease from 85,164 dollars to 83,500 dollars, highlighting the effect of widespread transactions on Bitcoin.