Analysts say Bitcoin price is in the ‘profit-taking’ zone with a ceiling at $45K - BitcoinEthereumNews.com
बीटीसी / यूएसडीटी 1-दिवसीय चार्ट। स्रोत: TradingView Heres a look at what analysts expect next for BTC and the wider cryptocurrency market. “Expecting a move to $40,000” Insight into the bullish and bearish scenarios related to Bitcoin price was offered by crypto trader and pseudonymous Twitter analyst ‘Crypto_Ed_NL’, who तैनात the following chart outlining two possible BTC price trajectories. बीटीसी / यूएसडीटी 4 घंटे का चार्ट। स्रोत: ट्विटर क्रिप्टो_एड_एनएल ने कहा, “Checking my latest chart with the current situation. Nothing changed. Expecting a move towards $40,000. Bullish scenario indicates a bounce to $48,000. Bearish comes in play when we break $40,000.” A confluence of resistance levels for BTC Bitcoin now finds itself trading in an increasingly tighter rage at these current levels in large part due to “the sharp $12,000 move off the lows” of Feb. 4, according to a recent report from Delphi Digital, which noted that BTC is now “heading into resistance on multiple timeframes.” As the price action for BTC heads toward a confluence of daily, weekly and monthly resistance, Delphi analysts suggests that “market participants of all kinds will be looking at this as a potential price ceiling” and that it represents “a logical place to expect profit-taking/risk reduction activity due to the confluence of