And he analyzed “if so, then USD/BTC is very close to forming its first macro fund at the 200-week moving average in $23,000. The second macro fund could be formed in about two years at a $41,000 price point.”
However, not all analysts are optimistic. Data of whale map they provide an idea of where Bitcoin could be headed should it continue to break below established support levels.
Whalemap assured that “Bitcoin broke through key realized price supports where they are likely to become our new resistance. u$s13,331 It is the maximum depth of pain”.
There are even analyzes that give an even more discouraging prognosis. According to francis huntmarket analyst at The Market Sniper, the price of Bitcoin could fall to the $8,000.
“The accumulation points would be $17,000 to $18,000. This $15,000 level breaks out of the head and shoulders there, that would be a pretty nasty decline, and there is a bear flag target, a little less strong at the bear flag target at $12,000and a full round trip will take you back to our funnel in $8,000 a $10,000“, held.
Source: Ambito
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