Cryptocurrency analysts have shared the most critical points that Bitcoin price currently has. Here are the details.
Cryptocurrency analytics firm MakroVision has offered an updated outlook on Bitcoin’s price action, explaining the ongoing volatility and key technical levels that could shape where the market moves next.
According to the analyst firm, Bitcoin remains on a downward trajectory, forming lower highs and lower lows, despite a short-term reaction at the critical $79,300 Fibonacci level (0.5 Fib). Selling pressure remains dominant, with analysts pointing to a potential bottom if key resistance levels are reclaimed.
Here are the critical price levels ahead of BTC, according to the analytics firm:
According to MakroVision, Bitcoin is struggling with a downtrend and holding the $79,300 area could lead to a relief rally. However, a break above $91,700 is needed for bullish confirmation.
