Bitcoin prices are lower

SAEED encryption analyst has selected a downward issue for Bitcoin priceThe prediction that it could still decrease to $ 74,000. The psychoanalyst of $ 85,000 is highlighted as a key to whether BTC decreases to this goal or witnesses another outbreak on new levels.

Bitcoin price risk decreases to $ 74,000 if this happens

in Tradingvief PostSaid mentioned a decrease to $ 74,000 as a declining bitcoin price. He explained that if the price fails to collapse and instead it decreases to less Bulls in the long run.

The analyst also pointed out that the price of bitcoin is currently integrating less than the level of 85,000 psychological dollars after a historic bull race that pushed it to a new The highest level ever (ATHS). Despite the last declining direction, Said is optimistic that the bull run is still running. He stated that the market cools and does not collapse, as the price movement is a high mark, and it is often a continuing sign after the upscale direction.

However, the landline scenario is still standing with the capabilities He decreased to $ 74,000. Saeed noticed that with the slowdown and pressure of momentum, merchants must prepare for a major collapse and collapse in the coming days. He stressed that the potential decrease in this goal is still healthy in the wider direction.

When analyzing the trend structure, the encryption analyst also confirmed that the price of bitcoin remains in the direction of a strong rise. He pointed out that since the penetration exceeding $ 69,000, the previous ATH of 2021, the gathering was aggressive and directed, as BTC Bears was in this process.

Saeed also noticed that the price of bitcoin has formed a series of higher highlands and upper declines, in relation to the sharp trend line since early February. However, BTC is now wrapped near heights, and it is a narrow range of $ 80,000 and $ 83,500.

Scenario ascending to BTC

Said also explained a bullish scenario Bitcoin price. He stated that the collapse and closure daily above 85,000 dollars will confirm the continuation pattern, targeting 88,000 dollars first and then 90,000 dollars. The analyst added that the sized and tiny structure will be a key to confirming this step.

At the same time, the encryption analyst is highlighted The main resistance and support areas To see. He stated that the range between 83,000 dollars and 85,000 dollars is the immediate resistance because this region has been crowned frequent prices in the last sessions. As such, the daily closure over this area can lead to the next height of the leg.

$ 88,000 is another resistance area, although this is the short range if BTC collects higher. Saeed mentioned the range between $ 90,000 and $ 92,000 as a third resistance area to monitor. He stated that this domain is a possible psychological and magnetic teacher for bitcoin if the bulls broke out clean.

Saeed mentioned 80,000 dollars, $ 76,500, and ranges between 72,000 dollars and $ 74,000 as major support areas for their observation. He stated that the range ranges between $ 72,000 and $ 74,000 is the main support and the ideal re -test level in the event of a bitcoin price correction, because this is the level that many fragile bulls are likely to be awaited.

At the time of this report, bitcoin price is traded at about 80,500 dollars, a decrease of approximately 2 % in the past 24 hours, according to what it said. Data From Coinmarketcap.

Distinctive image from Istock, Chart from TradingView.com