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Baqir Jafri
--
Bearish
Follow
BTC
nears it's new
ATH
but concerning point is no
alt
coins are near there respective previous ATH.
Seems like a pure market manipulation.
One
deep
will turn the market upside down.
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BTC
104,686.83
-0.01%
745
0
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Baqir Jafri
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$INIT 0.8 loading
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BTC soon 105000 and above.
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Market will go up. Close the short
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BTC's current price is $103,968.33, with a 1.87% decline over the last day. To determine if it will go up, let's analyze the market trends. The Fear and Greed Index has dropped from 65 to 61, indicating a shift from extreme greed to neutral sentiment among traders. BTC is facing strong resistance around $106,000, with the next critical support zone positioned at $105,000. If it breaks through this resistance, it could surge ahead. Stalled US-China trade talks have triggered risk-off sentiment among investors, leading to widespread selling across digital assets. Over $211 million in long Bitcoin positions were liquidated during the recent selloff, highlighting the intensity of bearish pressure. Short-term Outlook: Crypto price predictions remain cautiously optimistic despite the current selloff. Historical patterns suggest that such corrections often precede significant rallies. Long-term Outlook: Analysts maintain targets between $220,000 and $330,000 for the longer term. Support Levels: BTC needs to hold above $103,706 to maintain its current price range. A break below this level could lead to further declines. Resistance Levels: If BTC can overcome the $106,000 resistance, it could signal a potential uptrend.
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$WCT Next 2.00$ loading
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