The post Bitcoin Analyst Reveals Key Buy and Sell Levels, Predicts Potential $100,000 Breakout appeared on BitcoinEthereumNews.com.

A noted crypto analyst has provided a comprehensive list of crucial levels and optimal entry points for Bitcoin (BTC) investors aiming for potential profits. These insights include specific buying and selling zones that could significantly impact investment strategies. The analysis also includes predictions and scenarios for Bitcoin’s potential price movements based on current market conditions. Discover key Bitcoin entry points and market scenarios that can help refine your investment strategy and maximize gains. Key Levels To Watch For Bitcoin’s Price Movements On July 22, a crypto analyst identified as ‘Scient’ shared an in-depth analysis on Bitcoin’s critical price zones on X (formerly Twitter). These key levels provide indispensable information for both current Bitcoin holders and potential investors. Scient emphasized the significance of the Range-Mid S/R level, which lies between $65,300 and $66,500. Currently, Bitcoin’s price is consolidating around this level. The longer BTC maintains this position, the higher the likelihood of reaching new all-time highs. This makes it a crucial point for potential selling opportunities. Potential Scenarios Based on Market Conditions The analyst pointed out several possible scenarios for Bitcoin’s price trajectory. If Bitcoin experiences an upward squeeze from the Range-Mid level towards the $72,000 mark, increased selling pressure could occur around this zone. This presents an excellent opportunity for short-term traders looking to capitalize on small price fluctuations. Conversely, if Bitcoin falls below the Range-Mid S/R level, it provides a window for investors to purchase at lower prices, with strong buying zones identified between $59,000 and $60,000. This area is particularly attractive due to the confluence of technical indicators like the 1-Day 200 EMA and 1-Day FVG. Additional Buying Zones and Implications Scient also identified another critical buy zone for Bitcoin, between $57,256 and $55,888. This area is crucial as it represents a macro diagonal trend support dating back…

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Filed under: News - @ July 25, 2024 2:10 am