Bitcoin price is $126 kip. It shows that it is high
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Market analysts believe that the Bitcoin bull run may soon come to an end.
BTC prices opened a 50% correction from $52,200 to $52,200, according to technical analysis.
Bitcoin (BTC) fell above $103,500 on Friday, resulting in more than $916 million in revenue against a budget loss of $916 million.
Investors seem to be losing confidence as investors are unwilling to hold prices above $110,000. But does that mean it's a bull run?
Bitcoin Bull Run “Ends in 10 Days”
Bitcoin can only have a few expansions of the period, especially as seen from the historical systems of the past bull runners Cryptobird.
The analysis “bull” ends in 10 days.
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Ancient pipe cycle forest cycle noise indicates that Bitcoin is 99.3% done as described by the weak hands in the rail run “in the ancient pre-release pattern”.
“From “1,058 days” 99.3% complete (99.3%) is only 0.7% of this historical Re cycle.
According to the analysis, the continuous pull is based on a program, which is “an intentional pre-elevation behavior that occurs in every major cycle when the last tired arms are thrown in front of the top of the dumbbell.”
Historical 510 days in the historical 518-580 day PECK window, the bitcoin market has been “+25 days since 2024 and 543 days from the 543 days of the receding Gulf.
We are not in the zone – we are in the statistical heart where every major Bitcoin happened above. “
As reported by Contrasegrafis, the Bitcoin Fear and Greed Index indicates “extreme fear” among investors.
He said this represents a complete reset in market sentiment before the final vaccine is completed.
“This emotional core creates the perfect lager for the final leg of Euphoria.”
Bitcoin price can drop to 50,000 dollars, analysts
In the year Today, including the 200-day simple moving average, Bitcoin My Kitccinser Drond Dover level may take a deep correction to drops.
The price is “now testing the 0.786 fibonacci retracement level around $104,000,” analyst Daan Crypto Trades said in an X post on Friday, adding that losing this level would bring June lows at $98,000 into the picture.
“If the bulls can't hold this level this week, the grass will touch the grass.”
Capcon has joined the weekly chart with a target of $52,200.
“The bull's run is over,” he said.
“50% of the drink adjustment can be in the middle ground.”
As reported by Cointelegraph, the retail demand in Bitcoin is already a pre-packaged market volume, with cautious BTC prices reflecting caution in the market volume.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
