Main points:
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Bitcoin moves with gold, rises about $ 112,000 as gold strikes new levels at all.
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Commentators say that BTC Price Action has not yet confirmed a reflection, with a risk of $ 100,000 still real.
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September season means that the third week of the month is guaranteed to see the losses.
Bitcoin (BTCIt rises with gold in the open Wall Street on Tuesday while the bulls had knocked through short liquidity.
Trader: BTC price is still worth $ 100,000 declining
Data from Cointelegraph Markets Pro and Tradingvief BTC/USD showed the highest levels in the new September of $ 111,775 on Bitstamp.
With an increase of approximately 2 % a day, the husband joined the gold as the latter reached its highest levels at all over $ 3500 an ounce. This was built on the outbreak that started after the total economy data in the United States on Friday.
Bitcoin punished the hippocrates bets, with Coinglass Data shows about $ 60 million of encryption for four hours at the time of writing this report.
The reaction of commentators in the encryption market was to “wait and see”.
By downloading a scheme from one of his trading tools to X, the co -founder of the physical indicators Keith Alan stressed the importance of the simple moving average for 21 days (SMA).
“Strong technical resistance lives where SMA is 100 days in the direction line,” books In part of the accompanying comment.
“BTC Bulls also needs the opening to prevent the MAS death intersection for 21 days/100 days.”
Crown Expert Marcus Corpinos described “a critical moment” of the BTC price strength.
“The price was riding the upward trend, but now he sits at the bottom of the channel,” he He said X followers in part of a post.
“Heavy landfill candles have been closed, and buyers who lose a grip indicate. The collapse here can confirm the end of the upward trend of fresh downward trend.”
While Corpinos said that the next daily candles would decide the fate of the potential reflection, the famous trader Roman rejected the idea that one was already playing.
“There are no immediate signs of reflection here because we lost 112 thousand support and we look forward to turning it into new resistance,” adding that he did not “see any reason why 100,000 support did not see in the coming days.”
like Cointelegraph mentionedOn the weekend, Roman argued that a loss of $ 100,000 will end the current bull market.
Bitcoin “100 % of time” decreased in the third week of September
Returning to the historical performance in September, the network economist Timothy Peterson did not have good news for Bitcoin supporters.
Related to: Bitcoin holders in the short term raises a signal below the rare BTC price at 107 thousand dollars
September confirmed, it is Perfect for weak performance On BTC/USD, which has achieved average losses of 3.5 % since 2013.
“The monthly average is deceptive. The fluctuation is very high,” Peterson male.
“Between the thirtieth and thirtieth, Bitcoin throws 100 % of the time, with a typical -5 % decrease.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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