The Bitcoin CVDD model proposes $ 153.2 thousand as a major level despite the uncertainty in the macroeconomic – details
Bitcoin is traded above the main demand levels, but it still faces resistance to storming an unknown area. After he recorded the highest new level ever at $ 109,300 on Monday, he struggled with the price to rise, leaving traders and investors not sure about his next step. Despite the current frequency in the market, BTC remains strong above the critical support level, indicating the possibility of achieving more height.
Expert Expressor Excel Adler provided basic visions, indicating that bitcoin may be at an attractive level of an investment perspective. Depending on historical data, Adler highlights that the current Bitcoin price is in line with the patterns seen during the previous upscale sessions, where strong support is often preceded near its highest levels ever. This optimism has strengthened the long -term investors who look at the current integration as a potential purchase opportunity.
However, the BTC’s inability to penetrate decisively above ATH has left the market in a state of anticipation, as traders are waiting to confirm the next direction. The continuous rise above 109,300 dollars can launch a new ups and pus the BTC to discover prices, while failure to maintain the main demand levels may lead to more cohesion or even short -term correction. The coming days will be pivotal for Bitcoin as the market seeks to clarity about its next direction.
Bitcoin enter a major stage
Bitcoin coin enter a critical stage, as it approaches the final stage of the 4 -year -of -year cycle, which is a period of historically characterized by the increasing speculation and the great rises in prices. With investors and analysts expected a great move in the coming months, many have begun to set ambitious price goals for the encrypted currency. This stage is characterized by increasing attention, market momentum and focus on BITCOIN’s ability to challenge the challenges of macroeconomics.
The famous cryptocurrency analyst Axel Adler highlighted the Bitcoin capabilities using the CVD model. According to Edler, the CVDD model proposes a conservative targeted price of 153.2 thousand dollars, based on a double 5X. This scale derived from historical data indicates that current bitcoin prices may be attractive to long -term investors. The CVDD model was historically a reliable indication, providing an insight into Bitcoin’s evaluation compared to its previous performance.
However, Adler warns that this model and similar models do not take into account the total economic and political risks. Events such as the Covid virus or prohibiting mining in China have previously disabled the Bitcoin path, indicating the irreplaceable nature of the market. Although Bitcoin has historically showed flexibility and a noticeable ability to recover from setbacks, it is important to remember that the previous performance does not guarantee future results.
As Bitcoin continues to cohesion near its highest levels ever, the market interest remains on whether it can maintain its upscale momentum. If the CVDD model predictions correspond to the actual performance, the coming months may witness the arrival of bitcoin to unprecedented levels. However, investors must remain aware of external risks and market fluctuations while they are moving at this pivotal stage in the Bitcoin cycle.
BTC price movement indicates long -term strength
Bitcoin witnessed great fluctuations after the opening day on Monday, which showed the morale of the uninterrupted but active market. After registering the highest new level ever at 109,300 dollars, Bitcoin witnessed a rapid decline, and the critical level of $ 100,000 experienced within hours. This sharp fluctuation highlights the ongoing cord tightening game between bulls and bears as the market seeks a more clear direction.
In the long run, bitcoin price movement remains bullish, with new standard standard levels since late November 2024. This steady upward trend confirms the power of bullish momentum of bitcoin, even amid the increasing fluctuations and uncertainty in the market. Investors are still optimistic about Bitcoin’s ability to achieve more gains, supported by their strong performance in the past months.
However, in order for the BTC to confirm its upscale phase and indicate the continued height, it must be decisively penetrating its highest level ever and maintaining the penetration. A successful move over 109,300 dollars is likely to attract a new interest in buying and reaffirm confidence between the market participants, which paves the way for BTC to enter prices and achieve new records.
Failure to restore ATH may lead to more reinforcement around the main levels, keeping the market in a state of anticipation. The coming days will be decisive as BTC will move in this pivotal stage in its current upward cycle.
Distinctive image from Dall-E, the tradingView graph
