Action Bitcoin Price says at the bottom.

Master Ananda Cryptology confirmed that the bottom at Bitcoin price is after that A huge collapse less than $ 80,000 Last week. Watching with this, the analyst revealed what can be expected after that of the main encryption.

in Tradingvief PostMaster Ananda claimed that the bottom depends on the current bitcoin price. It was stated that last week, Drop, touch and mobility, is the perfect bottom signal. The analyst also noted that 78,300 dollars could be considered a bottom, which represents a 28 % decrease BTC’s at all (ATH) From 109,000 dollars.

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Sayed Ananda also pointed out that this was a classic restoration, as there is always one after strong Al -Shamali collapse. He explained that this classic recovery is useful for the Bitcoin price because the main encryption will take its time to build strength. The analyst added that spending some time to grow is good, and it is the only way that can work if BTC is to move higher in the long run.

Meanwhile, with regard to the next for Bitcoin price, the encryption analyst stated that on average, daily increases in prices amounting to $ 500 or $ 800 can reveal the time it will take to reach higher prices and higher levels in the coming months. Then Mr. Ananda suggested that Pioneering encryption can reach $ 200,000 Next month.

Master Ananada then advised the market participants to buy and keep a low vision in the Bitcoin price. He added that the market provides a second chance, as the market participants have a chance to buy at relatively low prices. The encryption analyst also stated that BTC is in the accumulation stage and confirmed that it would rise and continue to grow in the long run.

BTC Restore momentum

Encryption Titan from encryption He also emphasized that the price of bitcoin regains momentum. He pointed out that BTC has interacted strongly with Kijun as support on the weekly graph. The analyst added that a weekly closure above Tenkan at about 94,000 dollars would confirm a transformation and enhance the bi -up of the main encryption.

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Meanwhile, in another x publication, the analyst confirmed that Bitcoin Market Taurus Still on. He claimed that there was no bear market on the horizon, according to the Superrtrend index. As such, the analyst believes it is not time yet. His accompanying plan suggested that the price of bitcoin may still gather to more than $ 200,000 before the Bear market starts.

At the time of writing this report, Bitcoin price is traded by about $ 92,000, an increase of more than 5 % in the past 24 hours, according to Data From Coinmarketcap.

Distinctive photo from LinkedIn, Chart from TradingView.com