Bitcoin must hold over 95k $ 95k or faced short-lived rejection: Bitfinek

Key separation:

• Bitcoin must maintain above $ 95,000 to have a chance to retire $ 109,000 a high time; If you do not retain to lead to deeper correction, crypto analysts warn.

• Several crypto analysts said Conintlegraph in March that Bitcoin could have a chance to reach a new superior maximum in June.

• The upcoming Federal Decision of Federal Reserve 7. May could affect the movement of bitcoin prices over the coming days.

Bitcoin must continue to hold a $ 95,000 level for a chance to climb back and re-set up his all the time, or facing even a deeper correction, they say crypto analysts.

Comes after a few conistelegraph analysts earlier this year that June could be the Moon Bitcoin (Btc) reaches new all the time.

“Level 95,000 dollars currently in consolidation – is a critical point of turning, which acts as the lower limit of the quarterly range, which defined the market structure between November 2024. and February 2025. years,” Bitfinek) said In the report on markets of 6 May.

Bitcoin Holding Above 95k $ 95k would signal “Structural Shift”

Bitfinek said the bitcoin that was held above $ 95,000 signal the “structural shift” back into some territory, with a potential trend upward to re-initiating their own time.

Bitcoin reached its 109,000 dollars of high working hours 20. January, just hours before US President Donald Trump’s inauguration.

At the time of publication, Bitcoin traded from $ 96,730, on the rise of 3.03% in the last 24 hours, toward to get the data for coinmarketcap.

However, Bitfinex analysts said that if Bitcoin does not enter above 95,000 dollars, it could be made for further decline.

“However, a retention failure, however, can turn a region in resistance once again, raising the risk of short-term rejection and other legs of corrective prices.”

They said that the next few days would determine whether Bitcoin will start “in permanent break or resolve the lower support zones”.

However, if Bitcoin continues the rally, it can catch many traders in offside. Cripto Analytic Thomas Fahrer said 7. May in the post that 400 million short positions in Bitcoin at the risk of liquidation at the level of $ 98,000. “Send it,” Fahrer said.

Bitcoin approaches the time frame, many analysts are provided for new peak earlier this year. 28. Marta, the real major Visium Boss CRIPTO Analyst Jamie Coutts was designed The best goal is $ 123,000 to June.

Related: The price of Bitcoina gathered 1,550% the last time it fell a risk of risk of risk

At the same time, General Manager of Svan Bitcoin Cori Klippsten said Bitcoin has a “50% chance” to reach new all the time Highs before the end of June.

Since 2013. years, the average play of Bitcoin in June is something negative at -0.35%.

The upcoming decision with federal reserves from 14. May may have an impact on the price of BitCoin.

Announcement often sees market instability crypto and before and after publishing results. However, the latest data from CME group Feventh Tool indicates that the future market sees Minimum chances of reducing the course.

Meanwhile, the total market feeling is becoming more positive because Bitcoin’s price approaches a $ 100,000 price psychological level.

Cryptic fear and greed Indexwhich measures the total market feeling, spread again in the last 24 hours, further in the territory of “greed”, jumping 8 points 67.

Journal: 12 minutes tension for nailing nails when Etherum’s Pectra fork leaving live

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.