In a recent analysis, BRN analyst Valentin Fournier said, Bitcoin’in He suggested that it could revisit the $62,500 support level in the near future. Fournier noted that the market appears to be in an accumulation phase and no significant directional movement is expected at the moment.
“We believe the market is currently in an accumulation phase and there will be a potential retest of the $62,500 support in the near future,” Fournier said. “Since no major move is expected, we recommend reducing exposure.”
Looking ahead, Fournier hinted at a more optimistic medium-term outlook. He suggested that as Bitcoin accumulates liquidity, it could break above the $70,000 resistance level. However, he noted that recent trends, such as minimal positive net flows in spot Bitcoin exchange-traded funds, reflect investor hesitancy despite a generally positive sentiment.
Fournier also highlighted a potential obstacle to a clear bullish trend: Kamala Harris’s increasing chances in the US presidential race. “Kamala Harris has greatly increased her chances of winning the US presidential election, potentially crypto para “The anti-government stance and the waning enthusiasm following Trump’s speech and promises have fueled fears.”
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/analist-dususteki-bitcoin-fiyatinda-bundan-sonra-beklediklerini-paylasti/
