Crypting analyst Bakz again against the Haboodi feelings, the top is not in
The cause of confidence
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middle Bitcoin price strugglesBitQuant’s encryption declined against the idea that the upper part is present and instead provided an upward look at the main encryption. He also noticed that he will reveal when the “real summit” is in.
The analyst confirms that TOP was not yet present, although bitcoin prices
in X postBitQuant was confident because he confirmed that the summit has not yet been done despite bitcoin conflicts. He referred to this while The last sessionThe market participants have argued that $ 60,000 does not seem to be a summit, although it had an ideal school book structure. Now, there is panic although this upper structure has not yet been formed in this market cycle.
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The analyst stated that he understood the landmarks, but this is likely that some of the market participants have not been tested Taurus stage yet. He stressed that when the real summit is at the price of bitcoin, there is 25 % decrease, it will publish its accompanying scheme again. The analyst added that the market participants will definitely know, without any directive, whether it is in or not.
Encryption Kevin Capital He also suggested that the upper part is not yet for the Bitcoin price. However, he admitted that encryption is in a major stage in the market. The analyst noted that these corrections take time and asked the market participants to remain patient while monitoring macro data and monetary policy updates.
Kevin Capital stated that a lot can be done in the meantime and claimed that this is something like encryption. He added that most bitcoin prices are accomplished in a period of two weeks each year. At other times, the main encryption is simply traded sideways or witnesses significant declines.
BTC is still risking a decline to up to $ 70,000
In a recent analysis, Kevin Capital expected that Bitcoin price can decrease To up to $ 70,000. He stated that if BTC loses the golden pocket at $ 81,000 and follows this size, the scope, which ranges between 70 thousand dollars to 73,000 dollars, which he set on the higher time frames will be the goal of the “measured step”.
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The analyst also noted that there are many factors this week that will affect the price of prices. one Donald Trump’s tariff Implementation on April 2, which suggested that an event to buy news, meaning that BTC has also prices in the effects of the proposed tariff and can rise as soon as the event occurs.
Kevin Capital also highlighted other Macro factors, such as labor market data at the end of the week. Meanwhile, the US Treasury round will decrease from $ 25 billion to $ 5 billion from April 1. The analyst admitted that it is still not certain whether these events have an immediate effect of feelings or even affecting the feeling at all.
At the time of writing this report, Bitcoin price is traded by about 82,000 dollars, a decrease of approximately 2 % over the past 24 hours, according to Data From Coinmarketcap.
Distinctive photo from Pexels, Chart from TradingView.com
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