Basic Points:
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The Bitcoin Bulls can kiss farewell to the entire bull market if they lose $ 100,000 support, a new prediction is predicted.
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The BTC action price is facing a battle of RSI signals as bullish and bearish divergences competing.
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Some see an opportunity to buy a dip above just a $ 100,000 mark.
Bitcoin (Btc) will end its bull market if it loses $ 100,000 support, says a new warning.
To her Latest review In X, famous businessman Roman predicted that if the six -figure BTC prices became a thing of the past, the bull cycle was also.
Bitcoin Bull runs “official” hinge at $ 100,000
Bitcoin has Upended market sentiment Again in its latest sinking, at one point it took BTC/USD down 15% compared to all times high over $ 125,000.
BTC price targets fit the step, along with Roman to those who see a retest of levels closer to $ 100,000 and under.
If the bulls do not hold the psychological very important place, however, the perspective will be worse.
“It must have been ugly as we lost our uptrend and 112K support,” he summarized next to the BTC/USDT’s daily chart.
“98-100k is the level to watch. We’ve lost that and * officially * confirms that the bull run is over.”
Roman added that in high timeframes, Bitcoin “still shows a lot of fatigue,” refers to previous posts from August and earlier.
The air -air phenomena Include low trading quantities in highs and a difference -In the Kamag -child index (index child (RSI) indicator.
Number Cointelegraph reported This week, the four-hour time is starting to show a new bullish change in RSI-often an initial notice of a return of the UPTEND.
Data from Cointelegraph Markets Pro and Tradingview Bullish divergence confirmed that still playing at the time of writing Sunday.
RSI Bullish Divergences gives hopes to entrepreneurs
Some market participants have remained hoping for a broader construction of the crypto market based on the current structure.
Related: Will Bitcoin price go down in September?
“If this level holds, a new ATH in the next 4-6 weeks is on the table,” both businessman Zyn said X Followers in part of a post showing a weekly RSI bullish divergence.
“That’s not hopeful. That’s the structure.”
Others rose around $ 100,000 as a fine entry zone instead of a cue to cute exposure.
“It is clear that we, in the short term, are not in a Bitcoin uprising,” Crypto businessman, analyst and businessman Michaël van de poppe identified During the day.
“I target the area around $ 102-104K for support. I still think this is the best time to accumulate your positions.”
BTC/USD dropped around 6.5% for August at the time of writing – still better than the past four years, the data from Coinglass shown.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
