This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over
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Rlinda is a trading landscape crypto analyst predicting Bitcoin’s previous crash $91,000 Bearish forecast For Pioneer cryptocurrency. According to analysts, Bitcoin may experience more pain as it is expected to be as low as $73,000.
Bitcoin is currently Try to maintain its previous momentum As a bearish factor, dominates. According to Rlinda, cryptocurrencies have enter Failure to exceed the selling zone after the purchase zone above $91,000 has triggered a false resistance breakdown. Given its current bearish position, analysts Predicting a major crash For Bitcoin’s new lows, it is expected to fall 11% to $73,000.
Bitcoin price set at $73,000
rlinda revealed Market fluctuations Partly attributed to Donald Trump’s Fed. The market responded to the U.S. president’s statement and reorganized globally, causing liquidation across the entire cryptocurrency space.
Related readings: Analysts show that Bitcoin’s 9-month cycle is not over yet, we are at the Bulls running position
in addition, Crypto SummitIt is expected to stimulate bullish sentiment and has little effect on raising prices. Instead, it prevents the market from turning green. This market recession caused Investors make profits Due to the lack of market and manipulation by big players.
According to analysts’ price list, Bitcoin is trading between $90,000 and $82,000. Having experienced a cryptocurrency, Slightly priced pump In late February. With this growth, Bitcoin lost all gains and has been Designed to restore.
Rlinda warns that if Bitcoin breaks below the $82,000 support level, it may experience A large amount of price breakdown Priced at $78,000 – $73,000. TradingView analysts highlighted $73,000 as the main collapse target, citing Bitcoin is currently in corrections.
As global growth is temporarily suspended, Rlinda reveals the market is Liquidity is urgently needed. Analysts point out that if market growth relies too much on bullish leverage and new buyers do not properly correct it may become unstable. Like the correction phase that Bitcoin is currently experiencing, liquidity can be reset and ready for future upward movements.
BTC key resistance and support zone
rlinda has pointed out Key resistance and support levels For Bitcoin prices, share insights on potential reversal points. TradingView analysts assert that the highest price range for equity and liquidity is $73,000 to $66,000.
Related Readings
While the $66,000 segment seems to be a sharp decline, it may be a key area for market stability. And, further Bearish action If Bitcoin falls below $82,000, it will be confirmed. Currently, the resistance levels to watch are $89,400, $91,000 and $93,000. Instead, the support areas to note are $82,000, $78,000 and $73,000.
Featured images from Unsplash, charts from TradingView.com
