What is the next for Bitcoin after the cryptocurrency decreased to less than 90 thousand dollars? The main levels of viewing

Bitcoin (BTCUSDLess than $ 90,000 decreased today, and a segment of the high record last month continued, such as Economic uncertainty weighs investor feeling.

Bitcoin, which decreased to less than 86,000 dollars earlier in the day before recovering to about $ 89,000 recently, was under pressure from news that the Trump administration is The tariff for Mexico and Canada will go aspire to it as planned. Investors usually view definitions as an inflationary, which can flounder Interest rate discounts This year, a step that would weigh on a lack of yield Risk Assets like bitcoin.

Look forward, March is Historically, mixed month for BitcoinWith the encoded currency record an equal amount of positive and negative returns for the month between 2013 and last year, according to the data of the Crypto Analysis website Coinglass. Bitcoin has decreased by 5 % since the beginning of the year, but it has been increasing about 25 % since the US presidential election, amid hope that the White House will adopt Trump and Congress supporting encryption policies that support the asset category.

Below, we take a closer look at the Bitcoin scheme and its use Technical analysis To determine the decisive price levels that deserve attention.

The collapse of the double neckline is higher

Since the formation of two distinct summits between December and January, the price of Bitcoin has continued in the low direction, and created a textbook Dual summit The pattern in the process. Moreover, decisive separation below Neckline At the top of the average Quantity In the trading session on Tuesday, the training confirms.

It should also be noted that the cryptocurrency was slightly higher last month, Relative power index (RSI) Forged, relatively shallow peak, to indicate a landing DisagreementTechnical occurrence indicates poor price momentum.

However, the last sale has prompted the RSI index to excessive The region, which raises the possibility of lifting operations in the short term.

Let’s define many importance Support and resistance Levels on the Bitcoin chart that may monitor investors.

Decisive support levels to watch

More sale can initially see the double neckline to move to the level of $ 80,400. This area may provide the support plan near Mobile average for 200 days (MA) The closing and opening of two main bars that were formed during the rush step in mid -November.

The next decisive support level for watching is about $ 74,000. Investors can look at this region as an opportunity to buy, due to its proximity Horizontal This links multiple prominent Peak On the graph between March and October last year.

The main resistance levels of monitoring

Recovery can be seen over the double neckline, the highest high prices of cryptocurrency to the level of 98500 dollars, a site that may provide upper resistance near the respect 50 days m,, Which are currently compatible with a series of similar trading levels on the graph that extends to late November.

Finally, closer to this area can lead to a re -test of $ 106,000. Investors they have middle You may look at Take profits Here near the tops of the double TOP style.

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As of the date of writing this article, the author does not have any of the above -mentioned securities.