Bitcoin Tap Out sellers, cleanse the path for the new operation at its highest level ever

Bitcoin (BTCThe price recovered by more than 11 % of April. 7 decrease of $ 74,400, and analysts believe that technical indicators and technical indicators indicate continuous recovery.

According to the famous analyst Alphabtc, Bitcoin will see a continuous recovery if it exceeds $ 81,500.

Bitcoin price recovered $ 80,000 Psychological level after re -testing “open weekly open and filling some of the efficiency left by the stoppage pump for 90 days”, analyst ” He said On April 10.

“I really want to see her returning to 81.5 thousand soon, and we may see a little larger with pressure on short pants.”

Fellow of the analyst Rock Capital shared similar feelings, who said that Bitcoin needs a weekly production of more than 80,500 dollars to increase the chances of recovery.

“I have recently lost the Red Weekly level, just make sure that BTC is not out of the forest yet,” Rekt Capital He said In the April publication on X.

“$ BTC needs to stay higher than red until it closes a week to restore the price this weekly level as support.”

Bitcoin’s recovery can feed by “exhausting the seller”

Bitcoin investors are close to the degree of “exhaustion of the seller in the short term”, as evidenced by the low volume of the achieved losses, according to Onchain data from Glassnode.

Looking at the 6 -hour window for the achieved losses, the market intelligence company found that the size of the losses achieved during these withdrawals began to decrease with the decrease in each consecutive price.

“The bear markets are usually started with periods of increased fear and great losses,” Glassnode He said In its latest report on the series.

“This indicates that there is a form of the seller in the near term of the seller, which may begin to develop in this price range.”

Related to: Will Bitcoin price be disrupted again?

Bollinger and W outtom domains are a hint when new prices rise

After reaching the lowest five -month level at 74,400 dollars on April 9, Bitcoin has restored the bottom boundaries of the Bollinger Bands Index (BB), which is the price support line in the past five weeks, and data from Cointelegraph Markets Pro and Tradingvief He appears.

This is an encouraging mark of Bitcoin, according to the Pollinger Bands Folatility Index, John Bollinger. the Bolinger domain index Standard deviation is used around a simple average mobile to determine both potential price ranges and fluctuations.

Bolinger said Bitcoin price can be the second level of the formation of a W-shaped style, which is a dual-bottom of two parts, followed by an exit to the upper direction-on the weekly graph.

Paulinger commented on the side of the scheme, adding that the pattern “still needs confirmation.”

In this case, Bitcoin’s decrease to $ 76,600 on March 11 was the first bottom, and the last decrease to $ 74,400 was the second.

If confirmed, the BTC price can be recovered from the current levels first towards the W and style neck line at $ 88,800 before the rise towards the target of the prevailing graph pattern at $ 106,000.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.