Here is the reason that analysts believe that it is very early in the long bitcoin sites

Since the price of Bitcoin is less than $ 100,000, experts warn that time may not be suitable for new long trading.
Bitcoin (BTCIt is still above $ 100,000, but the signs of slowdown appear, and analysts warn that it may be very early for long jobs. Despite the last Bitcoin jump after 102,000 dollars after dipping it to $ 91,29 on February 3, the relative strength index was combined.
“Bitcoin historically has historically provided strong opportunities for purchase only when the relative strength index decreased to about 40 %,” Blockchain Matrixport wrote on February 5. Note search. As of the time of the press, the relative strength index sits 48 %. Analysts warn that the brand is still very high that it does not provoke the usual market patterns of optimal entry points. Because of this uncertainty, Matrixport suggests that investors invest patient and wait for a better buying opportunity.
The increase came on February 4 after a significant decrease due to concerns about the president Donald TrumpThe highly proposed tariff, which raised fears of the trade war. However, after Trump moved to the definitions temporarily stopped, the price of bitcoin recovered.
The recovery was also nourished by a huge filter of speculative bets. February 3 was the largest, even worse than Terra, FTX, Crypto.News I mentioned. On February 3, one of the alternative estimates indicates $ 8 to $ 10 billion of encryption filtering.
As market conditions continue, analysts note that “the strategic approach will be the practice of patience and awaiting the optimal entry point.”
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2025-02-05 12:55:00