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CRYPTO

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-egrag-crypto-provides-key-assessment-of-bitcoins-trajectory/" data-wpel-link="internal">Analyst EGRAG CRYPTO Provides Key Assessment of Bitcoin’s Trajectory</a><br></p>
<p style="text-align: justify">Analyst EGRAG CRYPTO today made a significant assessment of <strong><a href="https://en.coin-turk.com/bitcoin-analyst-warns-of-a-possible-downward-sweep-for-btc/" data-wpel-link="internal">Bitcoin</a></strong>‘s trajectory from X. The analyst drew attention to his evaluation for BTC on January 14, 2023, when he had indicated he would take a short position at the 42-48 thousand dollar level. Based on this comment, the analyst revealed his new predictions. Let’s take a look at his statements.</p> 
<h2 style="text-align: justify" id="btc-s-journey-from-january-2023-to-present">BTC’s Journey from January 2023 to Present</h2> 
<p style="text-align: justify">The initial share in January 2023 can be considered a benchmark for future developments in the <strong>Bitcoin</strong> world. The analyst emphasized that the first target was hit with precision, focusing on an analysis based on chart dynamics, free from emotion.</p> 
<p style="text-align: justify">Since the first target was successfully reached, attention has now shifted to the next stage. <strong>EGRAG CRYPTO</strong>‘s approach is based on factual observations, particularly emphasizing the importance of the monthly closing formation. This critical point supports a possible pullback scenario for BTC.</p> 
<h2 style="text-align: justify" id="chart-patterns-and-the-main-validation-point">Chart Patterns and the Main Validation Point</h2> 
<p style="text-align: justify">According to the analyst, careful observers should follow formations like the Shooting Star or Gravestone Doji. The critical validation point is around the $45,000 level. This provides a concrete criterion for evaluating the accuracy of the analysis. A three-stage approach is seen in pullback scenarios.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-307715 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/bitcoin-duzeltme-cointurk.jpg" alt="" width="1814" height="792"></p> 
<ul style="text-align: justify"> 
 <li>Normal Pullback (Fibonacci 0.5 level): This level, between $34,000 and $35,000, offers a pattern consistent with historical cycles.</li> 
 <li>Manageable Correction and Critical Level (Fibonacci 0.618 level): This level, between $30,000 and $32,000, gains importance by presenting a manageable pullback scenario within the broader trend.</li> 
 <li>Ugly Pullback (Fibonacci 0.786 level): This deep pullback, ranging from $26,000 to $28,000, is characterized as ‘ugly’ and indicates a more significant correction.</li> 
</ul> 
<h2 style="text-align: justify" id="critical-warning-and-potential-macro-a-b-c-correction">Critical Warning and Potential Macro A,B,C Correction</h2> 
<p style="text-align: justify">Warning signs could be issued if the monthly close occurs below the $24,800 level. This negative signal could signify a farewell to the bull run. In this scenario, <strong>Bitcoin</strong> could be on the verge of a macro-level A,B,C correction and potentially fall below the $10,000 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-307714 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-cointurk-2.jpg" alt="" width="1815" height="792"></p> 
<p style="text-align: justify">In conclusion, EGRAG CRYPTO’s analysis offers a perspective for those with keen observations of <strong>BTC</strong>‘s complex movements. However, it is also worth noting that the prediction suggests a challenging situation for Bitcoin. It should be mentioned that most analysts who have made bearish predictions are now setting them aside.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/analyst-egrag-crypto-provides-key-assessment-of-bitcoins-trajectory/" data-wpel-link="internal">Analyst EGRAG CRYPTO Provides Key Assessment of Bitcoin’s Trajectory</a></h5>

Analyst EGRAG CRYPTO Provides Key Assessment of Bitcoin’s Trajectory

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