Bitcoin price range for follow -up, is no longer a “long” bet – an analyst

Bitcoin can turn to another extended standardization stage, with short -term indicators indicating a quieter look, unlike the viewpoint of the broader encryption community, according to the head of the research at 10x Research.

While many encryption analysts expect the new bitcoin (BTC) The highest level in June, Marcus Thynin He said In a report on April 14, it is skeptical, noting that Onchain data refers to “the bear market environment more than optimistic.”

Short -term indicators indicate the highest possible market

Thynin said that the Bitcoin’s random fluctuation-which compares the price of a specific closure to a set of prices over a specified period to determine the momentum-shows the “more typical or late market phase instead of the early stages of the new bull race.”

“As a result, short -term signals are not in line with long -term indicators, and highlighting the separation in the market expectations,” said Thillain.

He added: “Bitcoin is no longer a retail -baped market,” explaining now, “It requires a more sophisticated, financing approach.”

“Bitcoin’s gathering has not been driven by a typical” encrypted “speculation, but through their long -term holders who seek to diversify and adopt a purchase and preparation strategy,” Thienin said.

Over the past 12 months, Bitcoin has increased by 32.80 % and is circulating by about $ 83,810 at publication time, According to To Coinmarketcap.

Bitcoin price is repeated 2024 patterns

Thielen reiterated his position that Bitcoin might have been integrated for a long time, as happened in 2024.

“Although we are optimistic, we consider bitcoin trading in a wide range of $ 73,000 to $ 94,000, with a slight escalating bias,” he said.

In March 2024, Bitcoin It reached its highest level at the time it reached 73,679 dollars Before entering the Tawhid stage, it is swinging at about $ 20,000 until Donald Trump won the US elections in November.

Related to: Bitcoin’s price recovery can be at 90 thousand dollars – this is the reason

Many encryption analysts are looking for in June as the month in which Bitcoin can exceed its highest level of $ 109,000, which it reached in January immediately before Trump’s inauguration.

” Cointelegraph in early March “There is more than 50 % chance we will see at all before the end of June this year.”

Sharing similar view, bitcoin network Economist Timothy Peterson Jimmy Cootzi, president of Crypto Chief Real Vision, celebrated his obtaining Bitcoin to reach the highest new level.

“It is quite possible that Bitcoin will reach the highest new level ever before June,” Peterson said.

At the same time, Courts said: “The market may reduce the rapid Bitcoin-high that will reach new levels at all before the Q2 exit.”

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