Prominent Crypto para Analysis companies Glassnode and Greexlive, Bitcoin’in He shared his latest opinions on price movements and announced the levels of support and resistance in the midst of the ongoing market fluctuation.
Option Analysis Firm Greekslive said that investors closely follow the level of $ 82,000 as a vital support for Bitcoin. According to the latest reports, this level is essential to maintain Bitcoin’s rise acceleration in higher time periods.
In general, the crypto community is very worried about the recent decline of Bitcoin, especially after the presence has experienced a sharp decline of 17 %in three days. Analysts and traders are now discussing whether this decline is an individual event or a signal of a larger market correction.
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Market participants argue that Bitcoin’s price movement may become wavy after withdrawing and the $ 88,000 level can be re -tested before setting the next major movement.
Glassnode, the over -chain data provider, identified an important resistance zone between $ 96,000 and $ 98,000. The company said that Bitcoin has seen a strong accumulation in this price range between the end of December 2024 and February 2025, which led to an intense set of supply.
“While some addresses in these price intervals re -allocate BTCs, this set of supply continues to be extremely busy and can serve as a strong resistance if we visit this level,” he said in a recent social media update.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/iki-analiz-sirketi-bitcoin-fiyatinda-takip-edilmesi-gereken-cok-kritik-iki-bolgeyi-belirledi/
