Bitcoin price mainly at $92K $ $ $ $ $ 130k or $ 80K $ 80k?
Bitcoin (BTC) price has completed an important special year support trend. The flame coin fell more than 2% to settle at $91.21.14 in the North American midpoint.
The value of Bitcoin is critical
Bitcoin price has reached about 20% in the last four weeks to look for a multi-month slow logarithmic trend. As recently reported by Kocania, many traders are well positioned to find support levels for BTC/USD to fill the unfilled CME gap.
Source: Trading View
During the weekly time sabbatical, the average moving average of Bitcoin (McMc) has reached a bearish beat. In particular, the MACD line of the macro line crossing below the zero line of the weekly MACD has been increasing the initial supplies.
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Possible rubber-spring rebus in the short term and the need for a renewed well
Offensive from technical analysis, the price of Bitcoin is to be quickly reassessed in the coming weeks. BTC has come under further selling pressure from traders who have been released after last week's close in the offshore market.
One of the short covers for the short scythe is the rubber-spring restoration that is in high demand from whale investors. to 9 kcbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb It is based on a continuous line-up based on the analysis of indirect data based on the strategy of private individuals.
Source: CrypyPoques
Long-term whales can be a bet from the weeks leading to the expected capital rotation. In addition, the upcoming FARDER FARDER (QE) in December is a big trigger for the manufacturer's wider driver market.
The beginning of a multi-bird market
On the other hand, if the whales are unable to sell short-term traders, the price of BTC could be in a major aquali. If it closes permanently below $911 in the coming days, the beginning of the multi-month bear market will be inevitable.
Source: x
According to the analysis of market data, if the price of Bitcoin falls below $ 80 kg, then it will fall below 80 kg.
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