The analyst determines the main Bitcoin support for viewing, targeting 220 thousand dollars when recovering

Market Observer Philip from TradingView highlights the long -term Bitcoin strength, drawing attention to the main support level and potential growth to the highest level ever.

Bitcoin’s price was fluctuated In recent daysWith the crystal currency seeing a sharp decrease, followed by immediate signs of installation. On April 2, Bitcoin was traded about $ 87,000, but by April 7, it decreased to about $ 74,000.

The encryption assets have regained more than $ 77,000, currently Sitting In $ 79131.11. This represents an increase of 3.85 % over the past 24 hours, although it still reflects – a5.27 % decreased during the past week.

The upward signals are among the market weakness

Despite the broader market with large sales, Bitcoin flexibility has not passed without anyone noticing. Analyst Philip, from Tradingview, It indicates Bitcoin power as a positive sign.

He pointed out that while the stock market continues to decline, bitcoin and many other encrypted currencies Carry strong. This behavior refers to the upholstery, where Bitcoin was placed on its soil, even amid the declining market movement.

The analysis of the plans in Philip shows that Bitcoin historically has witnessed periods of monotheism, followed by a significant increase in prices. It draws attention to the highest level ever, including the peak of $ 15,000 in late 2017 and the height of $ 59,000 in 2021.

Philip highlighted Bitcoin’s ability to break the highest levels of main resistance, then Test these levels as support, a classic mark on a strong market.

Moreover, Philip confirmed that the overall trend It still indicates Towards high prices. The $ 70,000 brand is especially noticeable, as it was determined as a key Monitoring level.

finally, Bitcoin It was previously broken over the resistance levels, and these tests are often preceded by bullish storms. Consequently, the Philip chart indicates optimism, indicating that Bitcoin can eventually reach Levels Between 170,000 dollars and 220,000 dollars.

Diaspora from another analyst

On the other hand, analyst Daniel has more cautious expectations for the short -term performance of Bitcoin. Daniel High Bitcoin is currently circulating within a convergence channel, a pattern indicating the high market structure.

After Bitcoin rejected the upper limits of this channel, the price was recovered to the support area around $ 78,000.

Daniel suggests that this support level may not bear if the pressure continues. It is possible that the collapse below this area Bitcoin price Towards a scale of $ 70,000, which is in line with the lower boundaries of the concession channel.

He also warns of this, unless there is major Transforming in the momentum of the market, the general trend remains declining. As such, traders must monitor the confirmation of low prices, such as low altitudes and withdrawal, the weak rise. Daniel also indicates the importance of size on red candles, which can Provide more to be sure Feeling feelings.