The price of bitcoin nearly for 84k in the amount of $ 84,000 as Nansen analyst predicts a consolidation phase

The bitcoin price refused and moved above the level of resistance to a key of $ 84,000 after Friday on Friday for a month in more than $ 78,200.

Bitcoin’s (Btc) A gift is a gift with recovery in American actions, which have incorporated earlier losses. The Dow Jones index rose 165 points, while Native is 100 received 80 points.

The potential recovery catalyst was news that Blackkrock held his Bilk’s position on Bitcoin this week. The World’s largest property manager confirmed plans for award 2% of your portfolio model Property on your IBIT ETF.

Bitcoin has also recovered after the publication of incurring reports of personal spending expenditures in the United States. Core PCE, which is a federal reserve close monitors, increased by 0.3% from December and 2.6% during the year, marking the smallest increase in 2021. years.

Federal Reserve officials hope that inflation will continue to move in relation to the goal of 2%, which would support additional interest rates. However, it could be complicated by the recent indicator of Donald Trump that new tariffs can take effect in March.

Market analysts remain divided at Bitcoin’s share price. In an interview with Cripto.News, Aurelie Barthere, the main research analyst at Nansen, predicted that Bitcoin would enter the consolidation phase after a recent decline. She explained:

“We just had 4 large daily red candles on high workforce, action price costs for BTC”, there must be a period of consolidation of prices with higher peaks to continue higher.

On the other hand, Mark Cudmore, Bloomberg analyst, warned the mind, suggesting Bitcoin to enter the extended crypto winter. He said:

“The actual panic may be in front of us. Bitcoin always has another 70% coaster in its future, 74k-74k in the amount of 74 thousand zones of technical crippies that could start the next crypt of winter.”

Bitcoin price analysis

Bitcoin formed a double sample to $ 108,532, with a neckline is set to $ 89,000. The distance between double upper and neckline was 18%.

The application of the same distance from the neckline sets the target of Bitcoin to about $ 72,850, aligning with the highest level of March 2023. years. The decline in this level could be a bilkal signal, marking the completion of graphics and reset forms.