Bitcoin price slipped, but the pattern indicates calm before the storm

Bitcoin price remained under pressure on Thursday, as it was circulated for a short period of less than 102,000 dollars, as it seized the last gathering.

Bitcoin (BTCIt was traded at $ 102,716 at the time of the press, a decrease of 3.35 % of its highest point this year. This decline sparked a more severe sale between Altcoins such as Ethereum (Eth), Solana (Teller), And Polkadot (a point).

Bitcoin’s performance is reflected in the broader stock market, as future contracts decreased with Dow Jones, Nasdaq 100 and S&P 500 indicators with more than 0.50 %. There was no immediate catalyst for the continuous decline in bitcoin prices, indicating that merchants get profits after more than 40 % of April declines.

Bitcoin continues to maintain strong basics with high demand and the supply remains under pressure. Data shows These breaks of Bitcoin boxes attracted more than $ 319 million in flows on Wednesday, which amounts to the total amount from its inception to 41.40 billion dollars.

Michael Sailor’s strategy continues with its accumulation, while Ukraine thinks Bitcoin strategic reserves. Ukraine has more than 46,500 coins valued at more than $ 4.7 billion, making it the fourth largest pregnant after the United States, China and the United Kingdom.

The difficulty of mining in Bitcoin and the retail rate went to the top, while the width on the stock exchanges decreased to its lowest level in more than six years. As a result, the combination of high demand, the decline in supply, and the M2 Global Monard increases the possibility of the high price of Bitcoin.

Bitcoin price scheme indicates more gains

Crypto.News made up Bitcoin price expectations On Wednesday, referring to the cup style and equation on the daily chart.

The weekly graph indicates more gains in the coming months. It indicates that the price of Bitcoin has been constantly higher than the Si -moving average for 50 weeks and has not moved below since October 2023.

Bitcoin has also formed a giant giant style, consisting of interlocking and different directions. This style often precedes the running bull. In this case, the assembly will be confirmed if the prices are above the highest level at 109,300 dollars.

If this happens, the next level of viewing will be the psychological barrier at $ 110,000, followed by $ 115,000. However, upward expectations will be nullified if the currency falls under the lower border of the loudspeakers.