Trust is a good thing
A strict editorial policy focusing on accuracy, relevancy, and impartiality
Expertly crafted by experts in the industry and thoroughly reviewed
Highest standards of reporting and publication
A strict editorial policy focusing on accuracy, relevancy, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Crypto Analyst Rekt Capital After the Bitcoin closed below an important resistance level, the analyst warned of a possible crash in the price. Analyst also pointed out the critical level BTC must reclaim in order to negate this bearish set-up.
Bitcoin price risks a crash with weekly close below resistance
It is a good idea to get in touch with someone who can help you. X postRekt Capital reported that Bitcoin’s price closed at $108,890, below the last major resistance of the week. On the basis of this, he noted that an early-stage cryptocurrency could be possible. Lower High resistance BTC may crash around $107720. This Lower High will be invalidated if Bitcoin can reclaim the $108,890 daily support.
Read Related Articles
The earlier X postRekt Capital has highlighted the importance of the Bitcoin closing above this major weekly resistance. BTC has never had such a close. He claimed that if this had occurred last week it wouldn’t only have been “historic” BTC would be able to experience a new trend of growth into new all-time highs (ATHs).
Bitcoin appears to have shifted into a negative trend after it failed to maintain its price above $107720. BTC reached an intraday peak of $107970, but since then has been in a downward trend and now risks losing the $106,800 level. Crypto analyst Kevin Capital has warned BTC is in danger if it falls below this threshold.
According to historical evidence, bull market cyclesRekt Capital believes that Bitcoin’s price has more room to rise. Rekt Capital has suggested that the Bitcoin price still has some upside left. X postHe stated that the history indicates that Bitcoin’s bull market could end in two or three months.
BTC Fuel Still in the Tank
Crypto analysts are still optimistic despite the recent Bitcoin decline. Titan of Crypto declared The flagship cryptocurrency still has plenty of fuel left in it. He said that the weekly structure of the markets remains solid with an array of highs and lows. He added that there was a strong weekly market structure with a series of higher highs and lower lows. Relative Strength Index (RSI) The trendline is moving towards the right.
Read Related Articles
The chart that accompanied it showed the Bitcoin could rally as high as $140.000 between September and November this year, based on higher highs. Crypto analyst Stockmoney Lizards also recently predicted BTC might reach up to $145,000 by the end of September. He spoke of the dojis formed by Bitcoin’s flagship cryptocurrency in its corrective channel, and said that they are bullish.
Bitcoin’s price has fallen in the last day to around $106,800. data CoinMarketCap.
Featured Image from Getty Images. Chart by Tradingview.com
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
