This analyst predicted the collapse of Bitcoin from 91,000 dollars, why is it not yet
The cause of confidence
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RLINDA, TradingView, which expected the former Bitcoin collapse of $ 91,000, another participated in another Detaire prediction For the leading cryptocurrency. According to the analyst, there may be more pain on the horizon for Bitcoin, as it is expected to decrease to $ 73,000.
Bitcoin is currently Struggle to keep its previous momentum Also, the vibrant factors dominate the market. According to Rlinda, the cryptocurrency I entered A selling area after failure to stick to the purchase area of more than $ 91,000, and thus starting the collapse of the wrong resistance. Looking at his current declining position, analyst Great crash is expected To its lowest Bitcoin’s lowest levels, expecting a decrease of 11 % to $ 73,000 soon.
Bitcoin price is scheduled to collapse to $ 73,000
RLINDA revealed that Market fluctuation He was partially attributed to Donald Trump’s comments on Federal Reserve. The market’s reaction to the US President’s statements was with a global behavior, causing liquidation through the encryption space.
Related reading: Bitcoin 9 months says it is not over, the analyst shows where we are in the bull race
In addition, and The top of encryptionWho was expected to raise upward feelings, did not do much to increase prices. Instead, prevent the market from turning green. This stagnation in the market led to Achieving profit by investors Because of the lack of market and manipulation by big players.
Based on an analyst price plan, Bitcoin is trading within a range of $ 90,000 – $ 82,000. The encrypted currency fell to this price after the experience of A. Speed price pump In late February. After this increase, Bitcoin has lost all its gains and since then It aims to recover.
RLINDA warns that if Bitcoin decreases to less than $ 82,000 support, it may test a A large price collapse About 78,000 dollars – $ 73,000. The TRADINGVIEW 73,000 dollar analyst is highlighted as the primary collapse goal, noting that Bitcoin is currently in a deep correction phase.
With the temporary global growth suspension, RLINDA revealed that the market exists A urgent need for liquidity. The analyst pointed out that if the market growth depends a lot on the leverage and the new buyers without a suitable correction, it may become unstable. The correction phase, such as the Bitcoin currently facing, may allow liquidity to reset the market and prepare it for future upward movements.
Resistance and support areas BTC key
I have identified rlinda Main resistance and support levels For Bitcoin price, share visions in potential reflection points. Tradingview analyst confirms that the price area has the largest interest and liquidity is $ 73,000 – $ 66,000.
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Although the collapse to $ 66,000 may seem to be a sharp decline, it may serve as an embarrassment to install the market. Moreover, moreover Detate movements It will be confirmed whether bitcoin decreases to less than 82,000 dollars. Currently, resistance levels that must be taken into account are $ 89,400, $ 91,000 and $ 93,000. On the contrary, the support areas that must be observed are $ 82,000, 78,000 dollars and $ 73,000.
Distinctive image from Unsplash, Chart from TradingView.com
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