Bitcoin (BTC) is traded at $ 105,000, and everyone is waiting for a new AC in the leading crypto currency. However, technical indicators give signals of decrease. Crypto analysts say BTC may fall to $ 99,000 this week. So, will Bitcoin fall further, or will there be an opportunity to buy for investors?
Can BTC fall to $ 99,000?
Bitcoin tried to stay above $ 100,000, while the TD Sequental indicator gave a sales signal. According to Analyst Ali Martinez, if the BTC falls to $ 99,000, the possibility of a rise towards $ 105,000 may be eliminated.
In addition, Bitcoin is seen to face strong sales pressure in $ 102,700. If the BTC does not exceed $ 103,400, the support level of $ 99,000 can be tested. Investors can expect a recruitment opportunity at this level.
Analysts point to the level of $ 95,000
Crypto analyst Carl Moon says Bitcoin can fall up to $ 95,000. Analyst said that BTC has created a formation called the “bear flag ve and that this formation signaled a decrease.
If this scenario occurs, Bitcoin may decline to $ 97,000. However, it is also possible for the bulls to move upwards again. Investors carefully monitor these critical levels.
Bitcoin is critical! What should investors do?
Analysts say that Bitcoin’s direction is largely dependent on the Fed’s interest rate decision. If FOMC gives positive signals for interest rate cut, BTC may exceed $ 110,000. However, if the FED continues its strict monetary policy, Bitcoin may be expected to be trapped at existing levels or fall further. This development can create major fluctuations in the crypto market.
Bitcoin is currently trading for $ 101,986 and has lost 1 %in the last 24 hours and 2.57 %in the last week. The BTC remains over $ 100,000 is seen as a critical threshold. If it falls below this level, there may be more sales wave. However, if it attributed to $ 100,000, a new rise movement may begin in the market. All eyes are in Bitcoin’s next move!
