Bitcoin If the daily and weekly candle does not close above 86,500, lower prices will likely continue to pull the price down.
For Bitcoin in the long-term chart, the main support price is $69,000.
I make sure to discuss our bear scenario and all possibilities on the chart during live chats.
The $88K price level has been lost, and it should not close daily or weekly below $76K.
Between $73K and $95K, there could be an altcoin bull run.
This $20K price range could be where the biggest profit and loss stories in BTC history are written.
Breaking the $100K resistance would signal an altcoin rally,
but the expected rise cannot happen unless $109K is surpassed.
Based on this, investment decisions should be focused on “taking profit and exiting” rather than HODLing.
Realizing profits through proper calculations and holding spot investments is also crucial for financial health.
The concentration of buy orders between $70K and $90K is increasing the selling pressure.
You can support this with other data as well.
Every investor must first know how to manage their risk.
For a successful investment journey, good balance and risk management are essential.
