Bitcoin (BTC) has experienced a harsh correction in recent days and the price fell to 82 thousand dollars. However, many analysts say that this withdrawal is not a bear market signal, but rather a strong purchase opportunity. Looking at the past data, the technical levels that Bitcoin currently hold now show that the bull market is still going on and offers a critical opportunity for long -term investors. As Kriptokoin.com, we transfer the details.

Bitcoin continues to maintain technical levels

In the last 10 years, Bitcoin usually experienced strong recovery when it reached a level of withdrawal of 0.5 Fibonacci. Currently, BTC is quite close to this level and reveals a similar structure with these past cycles.

In addition, the 50 -week moving average (MA) support allows Bitcoin to maintain a long -term rise trend. If BTC can maintain this level, a upward movement can be expected again in the coming months. Historical data show that Bitcoin returns from these levels and started new Taurus Runs.

In particular, in 2015, 2018 and 2022, BTC maintained strong rally while maintaining these critical levels. Now it may be possible to realize a similar scenario.

Some analysts draw a decline scenario for Bitcoin

Although technical indicators point to the bull market, some analysts think that Bitcoin has entered the fall trend. Cryptoquant CEO, Ki Young Ju, says BTC has suffered loss of liquidity and has begun to sell large investors’ assets.

In addition, there have been exit from the Bitcoin ETFs in the last three weeks. This decrease in the interest of corporate investors can put more pressure on Bitcoin’s price. Increased ETF outputs can create more sales waves in the crypto market and lead to lower levels of price.

Therefore, it will be a critical determinant whether the BTC can maintain a 50 -week moving average and 0.5 fibonacci level. If these supports break, Bitcoin may enter a longer consolidation process.

Will the decline in Bitcoin continue, or will it start with a rally?

Bitcoin is currently trading at 82 thousand 833 dollars and has a decrease of 3.2 percent in the last 24 hours. On a monthly basis, BTC depreciated 15 percent. However, technical indicators show that the current levels are not ending the bull market, but a correction process.

Especially if the 50 -week MA level is maintained, Bitcoin can be expected to rise again in the coming months. However, if these critical support levels are broken downward, investors may live a longer bear market.

In summary, although Bitcoin’s current price movements contain uncertainty, it may offer an important opportunity for long -term investors. The next few weeks will be a critical period to determine the fate of the BTC.