The Bitcoin price is conveniently traded over the 107,000 dollar area, providing an upward view of the main encryption. The encryption analyst Dan Tabribo commented on Take the current BTC price measures He revealed why the market participants still need caution.
Why should investors be careful about the work of the bitcoin price
in X postDan Chipiro stated that Bitcoin Price Rally Payed by the big dat for the top and pressure last week. The market participants told them to be careful with these types of moves early in the week. The analyst added that if the price of BTC can trade and exceed $ 107,000, it will appear a large number of strength.
However, Daan Crypto believes that caution is still needed even if it is Bitcoin price exceeds 107,000 dollars. He stated that increasing the fast open benefits is something that investors want to get rid of to obtain a clean reset before they are really excited. Its warning indicates that this paid permanent gathering may not be sustainable, as BTC is likely to be corrected at some point.
Curd analyst Kevin Capital He also chanted similar feelings. in X postHe stated that there is a lot of work to be done and that investors should not be very excited about the last bitcoin prices. The analyst indicated that it is great to feel optimistic, and that the plans seem very solid. However, there is still a long week with a lot of “macro data that crosses wires”. In line with this, the market participants urged to stay on the ground and calculate.
Macro data includes the horizon American CPI dataWhich will come out today. This can determine whether there will be any interest rates this year. Meanwhile, PPI inflation data appears tomorrow, which may also affect the decision of the Federal Reserve.
BTC to reach $ 120,000 by the end of summer
in X postTitan of Crypto suggested that Bitcoin price may exceed $ 120,000 by the end of the summer. He stated that the monthly graph indicates a possible increase towards the total direction line. If this momentum continues, the analyst is confident that Bitcoin can be intended About 130,000 dollars raised Before the fourth quarter of this year.
Encryption Tell MIKYBUL CRYPTO Participants in the market to prepare for the Bitcoin price then Golden Cross. Announced that the current price is already a bear trap, indicating that BTC is traveling much higher.
At the time of writing this report, Bitcoin price is traded at about 109,400 dollars, within the past 24 hours, according to what it said Data From Coinmarketcap.
Distinctive image from Getty Images, Chart from TradingView.com
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