From time to time, analysts provide important information to their followers in the Bitcoin and altcoin world. They also share their opinions on the aspects of cryptocurrencies with the levels they offer. Now, the posts showing the important break levels for BTC have started to come. Let’s look at the details together.
Bitcoin description from Crypto Rover
Crypto Rover, which has more than 550 thousand followers on Twitter, shares its ideas by making important posts today. Crypto Rover shares the chart he prepared, pointing out that a huge break is at the door. According to the analyst, if Bitcoin breaks from this level, the price will first come to the level of 33 thousand dollars. After that, BTC will move towards the levels of $ 40 thousand.
A gigantic #Bitcoin Breakout awaits… pic.twitter.com/0TzVPSTlMo
— Crypto Rover (@rovercrc) September 5, 2023
Crypto Rover also points out that many people don’t realize that BlackRock will need real Bitcoin to support its Spot ETF. Underlining two scenarios here, the analyst points out that BlackRock may have bought his Bitcoins months ago when prices were lower. As a second possibility, he says they may be deliberately lowering prices right now to create a better buying position for themselves. The second possibility is more plausible, according to the analyst. Because if they bought their Bitcoins when they were high, it seems unlikely that they would lower prices, according to the analyst.
Many individuals don't realize that BlackRock would require actual Bitcoin to back their Spot ETF.
They might have already purchased their Bitcoin months ago when prices were lower.
Or, they could be deliberately driving down prices currently to establish a better buying… pic.twitter.com/dKW2awmcuL
— Crypto Rover (@rovercrc) September 5, 2023
Loading something big for BTC
Analyst Mag, using the @thescalpingpro hashtag on Twitter, points out that Bitcoin is preparing for a big move. According to the analyst, the Bitcoin RSI is also approaching an important support level. Also, exciting times are ahead for BTC, according to the analyst.
#Bitcoin loading up for something big! RSI is also approaching a key support level.
Exciting times ahead! 🤝 pic.twitter.com/virdha1pDE
— Mags (@thescalpingpro) September 5, 2023
Another analyst, Ali Martinez, points out that for Bitcoin, he has not yet appeared in the field. According to the analyst, historical data shows that over the past decade BTC has ignited a bull run every time holders with a 6-month to 3-year history exceed the average cost basis. As of now, this crucial breakout level for BTC stands at $33,755 according to this pattern.
Advice to Bitcoin investors from Michaël van de Poppe
The analyst, famous for his accurate predictions, makes statements for Bitcoin investors. The analyst tells investors what to do when they feel bad. In fact, there are references to times when we felt bad in the cryptocurrency market.
Today is a day where you can do something that you feel terrible about.
Imagine you feel garbage for losing money with investing. It sucks you up.
Identify it, write down your feelings and start narrowing down to what you need to feel comfortable again and start doing it. Easy.
— Michaël van de Poppe (@CryptoMichNL) September 5, 2023
“Imagine feeling like garbage because you lost money while investing. This indicates that you are in a very bad situation.” says. When we look at Kriptokoin.com, the analyst points out that these feelings should be defined.
