Analyst explained the critical level for Bitcoin (BTC)! “If this level is exceeded, the rise, the decline comes if it cannot be overcome!”

Bitcoin yesterday expectation CPI After the data exceeding $ 84 thousand, investors are now at higher levels.

At this point, an analyst said that Bitcoin should close over $ 89,000 to verify the rise trend.

Crypto money analyst Matthew Hyland said Bitcoin’s deep decreases were early to say that the end of the fall trend of the decline.

Analyst, To say that the fall trend is over, the rise trend has begun He said Bitcoin should close the week over $ 89,000.

Hyland warned that a weekly closing of over $ 89,000 will confirm that Bitcoin has been doing its bottom, the price may fall between $ 74,000 to 69,000 dollars if the BTC cannot close above this level.

“If Bitcoin closes more than 89,000 weekly, the rise trend is strengthened. However, if this level of resistance cannot break, more may be experienced.

Overcoming resistance usually leads to more rise.

If we get a weekly closing over $ 89,000, I think the bottom level is for Bitcoin. If this is the price of Bitcoin 74,000 to 69,000 dollars. “

*It is not an investment advice.