Bitcoin price levels to watch before the White House encryption summit on Friday

Bitcoin She wore the top of the main range as it looks forward to recovering from the shock of the World Trade War this week.

The colored channels have affected the graph for 30 minutes below constantly on the price of bitcoin over the past 14 months. Current purple Channel domains From 93.7 thousand dollars to 85.7 thousand dollars, with the top of the channel as resistance to more appreciation for the prices.

News of the United States Chego Reserve Bitcoin fly through Purple and storming in the next channel. However, fears of the economic impact of the policy of President Trump’s tariff witnessed the collapse of these gains During the weekend.

With a potential coding summit in White House tomorrow, The increase in prices will exceed the bottom of the orange channel at 93.4 thousand dollars in bullies.

However, as the previous performance appears, traders will also search for re -testing this level before confirming the continuous upward trend.

My price channels have been formulated throughout the Taurus 2024 market and have repeatedly showed themselves as important price points for Bitcoin. While the channels do not predict the movement of prices, they determine critical support and resistance.

Channels use filtering prices to lift in Bitcoin, orders to reduce the request book, and traditional technical analysis trends to highlight the prices that bitcoin may fight to overcome. However, technical analysis is only relevant by making sure the place where traders may search to add or remove liquidity rather than predicting movements.

Traders can create self -realization prophecies with technical analysis, as traders around the world have reached the same conclusion about what or should not work as support or resistance. As a result, the leverage generally sits on these levels.

Ultimately, if the White House summit unveils the implemented Bitcoin policy, we will search for whether Bitcoin can erupt to the upward trend, and pass $ 93,000. However, if the summit includes more than more ads than future ads or Bitcoin Reserve and Altcoin combined, we may also search for Bitcoin to keep $ 85,000 or risk more chip.