Three factors that will drive Bitcoin in the coming weeks
Bitcoin (BTC) price has fallen from $98.5 per kg on Wednesday, November 19, 2004 to $88.5 per kg. 80.5 kg to hit a lower minimum standard.
It has dropped from $3.07 trillion in 2021 to $3.07 trillion in 2021. More than $691 million of liquid flowed as long traders shared more than $691 million due to covered investor dust.
The main reasons that the price of Bitcoin may soon lead to a major Crypto Bryl market
Retailers' high capital defaults are stabilizing under selling pressure
According to on-chain data, from Bikikis traders and short-term carriers, they have been on the selling spot. On the other hand, Bitcoin miners and long-term holders did not sell their coins.
Based on historical data, it was concluded that plates CRESPTO market often moves in the opposite direction of retailers. Retailers with known capital may appear to happen in the coming weeks.
A historical account of post-US government shutdowns
According to James Eshomen in Wellington – Mr. Riss in 2010. After the 2019 U.S. government shutdown, it is well-positioned to repeat the price action.
“Bitcoin until February 7, 2019, after the opening of the US government at 3300, 139 days after 139 days at $ 33, 2019
Technical tail
From the standpoint of technical analysis, Bitcoin price has recently completed a critical support level above 90 km. After filling the daily transaction from $92k to $92k, the price of BTC may be suitable in the future.
Source: Trading View
In addition, the daily relative strength index (RSI) dropped to hammer levels.
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