Bitcoin must provide weekly prisons above $ 89,000 to confirm the bottom of

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Bitcoin must provide weekly prisons above $ 89,000 to confirm the bottom of

Bitcoin must close the week above $ 89,000 to signal the end of short-term trend, says crypto analyst.

“The only way to confirm the Bitcoin that the bottom was actually to close weekly over $ 89,000”, “Cripto Analytic Matthew Hiland said In a video on x x 13. Marta.

No $ 89,000 closed, Bitcoin can go for $ 69,000

Bitcoin (Btc) Last traded from $ 89,000 7. Marta, at the level of Hi Handi, is considered crucial, because it was an area of support in which Bitcoin ended up “breaking down” in the end. After falling below $ 89,000, it fell to $ 78,523 11. Marta before stabilization at low $ 80,000.

With Bitcoin currently trading $ 83,406, a step above $ 89,000 liquidates about 1.60 billion dollars on short positions, as by Data on coigules.

Cryptocurrency, markets — *Bitcoin has been reduced by 15.42% in the past month. Source:* *Coinmarketcap*

If Bitcoin fails above her, Hiland warned that the price of property could fall to between 74,000 to $ 69,000, the Bitcoin level level from November did not see.

“It’s probably probably at this time entering the next week or next months, Bitcoin will probably test this lower range at some point of support,” he said.

“If we get weekly prisons above this area, I think it’s low for Bitcoin, and we’re not going to this area,” he said. Hiland said it was usually brings up to be upside down When Bitcoin breaks above the resistance level.

The demand for Bitcoin in the US has declined

However, the demand for Bitcoin in the United States recently decreases due to macroeconomic factors.

Bitcoin’s The demand fell for 103,000 BTC last week Compared to the previous week, “Marking his fastest pace of contraction from July 2024. Years,” according to Kriptokuant.

The cripptokant said that the recent decline in the US demand in the United States due to insecurity around American inflation rates and American President Donald Trump imposed tariffs 1. February.

7. Marta, the Jerome Powell’s federal reservation chair reiterated that it was in it Don’t rush to adjust the interest rate.

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