This Key Level Holds Key to Unlocking Bitcoin’s Next Bull Run: Analyst

The last bitcoin uniformity may be more than $ 104,000, more than just a temporary stop; The final checkpoint may be the highest new level ever, according to the pioneering market analyst Rekt Capital.

Since the encryption market arches for a big step, the King Cryptocurrency’s ability to keep this critical level can determine whether Bulls take the wheel or sellers at the end.

Litmus test of $ 104,400

in Newsletter Posted on June 16, Rekt Capital indicated that BTC has now spent six consecutive weeks re -testing the level of $ 104400 as support. According to The Pseudning Market Watcher, the long re -test tracking the Bitcoin penetration of a multi -re -accumulation range.

Investors reminded that BTC took more than 240 days to break the post -half scale earlier this year. They stated that keeping more than 104,400 dollars on the weekly closure is very important: “It is difficult to talk about low prices until the level of 104400 dollars collapses.”

Despite the “brutal” feelings and exhaustion among merchants, the actual decline in prices from the highest levels was only 10 % modest, which represents more than “time surrender” instead of price -based diving. In their estimation, failure to keep this level risk a deeper correction.

Meanwhile, constant support can pave the way for the final main resistance challenge near $ 108,890, which prompted the original to what he called “PRICE Discovery Uptrend 2.”

“As long as BTC has $ 10,4400, it is placed in the upward direction over time,” the analyst announced.

Despite the watermelon, the transition is noticeable to produce the lowest levels and diamond -shaped compositions, technical signals that precede strong upward movements.

Market behavior

Even geopolitical tension caused by the continuous military conflict between Israel and Iran has failed to deviation Bitcoin’s structural support seriouslyIncreasing the promotion of its upscale judgment.

At the time of this report, BTC has been trading about $ 10,569, a 2 % decrease over the past 24 hours. It has also shaved about 3.4 % of its value in the past seven days, while maintaining a profit of 60.2 % in 12 months.

Standardization of tightening can also indicate the highest level in the coded currency to $ 111,814 as well With reference The monthly range is “very likely” to collapse in June.

And he warned that “a big step comes in the next two weeks,” even as tested on the series subscriber Written by Axel Adler Jr. It revealed a continuous decrease in the working days that were destroyed (CDD) without scratch, indicating a decrease in the pressure pressure from long -term holders. Besides continuing Decrease In the exchange -dominated BTC, the preparation indicates a market that prepares for supply shocks.