A crypto strategist known to have made Bitcoin calls in a timely manner thinks that a deeper withdrawal is now on the BTC table.
Analyst Pseudonym Credible said to his 464,800 subscribers on the social media platform X which he now expects to expect Bitcoin to be below his recent $ 78,000 after having failed to recover $ 90,000 as a support.
Although the merchant is in the short term on the BTC, he says that the decline will be a gold opportunity for long -term investors.
“For the moment, it seems that we can obtain a complete retracement on BTC, which should lead to similar withdrawals at all levels and fantastic purchasing opportunities.”
Looking at the merchant’s table, it seems to predict that Bitcoin will switch to its high time demand level (HTF) between $ 74,000 and $ 69,000.
According to credible, Bitcoin must maintain the HTF application area to maintain its intact bullish market structure.
“But yes, I really don’t want to see it below this region from $ 69,000 to $ 74,000, which is this key htf request zone.”
At the time of writing, Bitcoin is negotiated at $ 83,841, down more than 9% in the last 24 hours.
Regarding Altcoin XRP payments, CREDIBLE says that the immediate support of the part is at around $ 1.80. If it fails, he considers the level between $ 1.60 and $ 1.30 as the best risk area / reward for bulls.
“Eyes on the next area of interest to be potentially recharged (less than $ 2, asks HTF,” best R / R zone “)”.
At the time of writing, XRP is worth $ 2.28.
Regarding the Litecoin payments colony, Credible Thinks LTC is heading to its weekly support area at around $ 56.
“Let’s see if this decline on all levels will give it to me.”
At the time of writing, the LTC is worth $ 104.
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