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Is Bitcoin Price Going To Crash Again After Losing $115K?


Due to key:

  • Bitcoin Hinges on $ 115,000 Support, Rising a drop to $ 104,000.

  • Summoning of divergence RSI RSI to a deeper fix.

  • Ringing novers increased profit, crashed $ 123,000 was the local top.

Bitcoin (Btc) He has fallen on Friday, drop under $ 115,000 for the first time from July 25. The inability to crack the Resistance to $ 120,000 For more than three weeks now has the price btc uplren in question, at least for the term nearby.

Bitcoin price price at $ 104,000?

Bitcoin is flirtility of the DELIVERY DELIVERY OF THE FURTHER OF $ 115,000, a Market statzaL Zone Michaaraël Van de Poppe Flag as essential to continue the uptrend.

In relation: Bitcoin ends the month of register at $ 115k with the price of BTC price for ‘vertical’ August

Their folder shows that btc is under $ 115.600 could activate a long-leaving settlement waterfall and push the first region of $ 112,000- $ 112,000.

Btc / USD four hours price. Source Vacation Vichyard Van De Poppo

Data from The parcelagra’s markets and it Dingering Show that bitcoin has dropped in a low intraday of $ 114,100 on Friday. This price action has been accompanied by $ 172 million liquidations BTC Long, in order Coinlass data.

As cointelegraph reportedThe odds of a more deep fix at $ 104,000 will increase if the $ 116,000 level is not reclaimed little.

Bitcoin’s divergement teaching to $ 92,000

Adding to the bearish card to short, bitcoin’s charkly chart lumping a classic price divergence between the price and the moment.

The chart below shows that while BTC / USD has talled high on recent months, the Relative force index (RSI) He has carved lower high, suggest the moment of the bolt mattress.

BTC / USD Setting Chart. Source: cookelegraPaph /Dingering

Such signs often precedes the deeper pucals, as he made in front of the 2021 Top Market.

If the reponate, BTC history could recover to its 50-week exponential media (ESA) (of the week of the week; the yellow wave), currently close to $ 92,000. This tendency has served as key support during the preceding bull markets, making a logical goal for each fix of halfway cycle.

A similar divergence was observed on the monthly chart by Crypto trader Aejandrobtc, which she said It’s a sign that the bitcoin loop is close to their end.

“Bitcoin flashes a triplenge divergement on monthly Eyes. It is the type of Setup that ends cycles.”

The profit / bitcoin net loss / loss (nupl) flashes warning signs too. The metric is currently in the zone 0.5.6, a historically related level with local times.

Bitcoin NUL vs. Price of Price Raintenance. VENEAN: Vignande

With more than 92% of the supply in profit To current prices, there is a likelihood of an increase in selling pressure. Such established in 2020 on 2024 and January 2025 and 205 and 205/25 Tuesday, creates the possibility of similar pullbacks in August.

However, Coinglass ’30 indicators Pob Master Bull suggested Bitcoin does not show signs of replacing with $ 138,000 BTC Price in game. Other bullish analysts anticipate that bitcoin has always three months a price of about $ 150,000. I am

This item does not contain advice or investment advice. Any movement of investment and business involves risky risk, and readers should make their own research when it makes a decision.