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Bitcoin prices have faced a denial after surged to $97,000 last week. Technical experts Tony Severino Commenting on the development, hinting at the LMACD indicator and revealing the next one in the flagship cryptography:
What’s next for Bitcoin price after rejection at $97,000?
In X’s post, Tony Severino It is listed Analyze using multiple BTC time frames LMACD indicator It suggests that Bitcoin prices are in a volatile position. He said that if daily momentum exceeds bearish, it can prevent weekly bullish crossovers and pull the weekly LMACD below zero. This goes beyond the wimp of the monthly LMACD bag.
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With several key time frames in sync, Seveno warned that market participants could see a more aggressive down move at Bitcoin prices. Meanwhile, technology experts pointed out that daily LMACD branching upwards can help you avoid something else beyond the weekly bullishness. Monthly Crossoverit could be bullish.
However, he suggested that a decline in Bitcoin prices is likely at this point, as monthly LMACD is the most dominant of the three signals, suggesting a downtrend. He added that the indicator also has the power to pull other time frames. Seveno could not mention how low BTC will be with this predicted price drop.
meanwhile, Crypto Analyst Ali Martinez It also warned of potentially lower Bitcoin prices. In the X post, he said that BTC could be pulled back soon as the TD sequential indicator is flashing the sales signal. Analysts warned that if Bitcoin loses its support level of $94,765, it could drop to $90,000 or $86,000.
How BTC history repeats itself
Crypto-analyst Rectangular capital Since last year, we have increased the possibility of Bitcoin prices that will continue to move in the same way. For history to repeat, he said that BTC must reject from $99,000, exceed $93,500, break from $97,000 to $99,000, reject from $104,500, hold the $97,000 to $99,000 range as support, and then break into New Altime High (ATHS).
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Crypto Analyst Commenting on Current Price Action Crypto’s Titan Please note that Bitcoin prices are back to a critical support confluence. He added that a strong response from this current zone will confirm that the upward trend remains intact. His accompanying charts showed that the $95,423 price level is the area to watch. Failure to recover this level immediately allowed us to launch a downtrend on our flagship code.
At the time of writing, Bitcoin prices have been trading for around $94,700 in the last 24 hours. data From CoinMarketCap.
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