A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-03-09 14:41:08

Analytics Company Shares Critical Level That Must Be Maintained To Avoid Aggressive Bitcoin Decline

Cryptocurrency analytics firm Alphractal has issued a significant warning regarding Bitcoin’s price action, saying that BTC needs to hold onto a position above $84,000 to avoid a more aggressive correction. According to Alphractal, Bitcoin is currently sitting at a key support level within the CVDD (Cumulative Value Days Destroyed) Channel, a model designed to dynamically analyze support and resistance levels. The specific level in question is seen as CVDD×2.618, a Fibonacci factor that places critical support at $84,640. Alphractal explains that this pattern has historically been quite effective in identifying Bitcoin price bottoms across multiple market cycles. Once a key level is broken within the CVDD Channel, the price typically heads toward the next support or resistance zone. Related News: JUST IN: Important Statement from Binance About Two Altcoins - Part of Users' Losses May Be Refunded If Bitcoin consolidates above $84,000, the firm suggests that it could form a local bottom before making a fresh move toward all-time highs. However, failure to maintain this level for several days could trigger a more significant decline. In the event of a breakout, Alphractal identifies two key downside targets: $64,700 is a level that coincides with Bitcoin’s all-time high in April 2021. $60,000 could act as another major support zone. If Bitcoin moves toward these lows, there could be a strong bearish sentiment in the market. However, the firm notes that a similar correction occurred between May and July 2021, but Bitcoin eventually recovered and reached new highs later that year. *This is not investment advice. Continue Reading: Analytics Company Shares Critical Level That Must Be Maintained To Avoid Aggressive Bitcoin Decline

La maggior parte ha letto le notizie

BITCOIN, XRP, and OFFICIALMAGACOIN.IO—The Cry...
2025-03-10
Bitcoin Price Alert: CEX Long Liquidation May...
2025-03-10
Samson Mow Highlights the Impact of Bitcoin R...
2025-03-10
Halborn Audit Gives BlockDAG the Green Light,...
2025-03-10
Quant price prediction: Will QNT drop to $74...
2025-03-10
Crypto Market Momentum? XRP, SOLANA, and OFFI...
2025-03-10
Mutuum Finance (MUTM) Nears the End of Its Pr...
2025-03-10
Expert Reveals Why Bitcoin And Solana Have An...
2025-03-10

Notizie correlate

Mark Carney’s Critique of Bitcoin and Vision for C...
10 Mar 2025
Ethereum Whales Accumulate $10.25 Million in Losse...
10 Mar 2025
Last Chance! Turn $500 into $57K With Arctic Pablo...
10 Mar 2025
Arthur Hayes Predicts BTC Retest of $78,000 Amid I...
10 Mar 2025
The US Government’s Liquidation of High-Value Cryp...
10 Mar 2025
Why Is Bitcoin Crashing Today?
10 Mar 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta