Express
Analysis: 351,000 BTC Turnover Completed in $112,000-$114,000 Range, $117,000-$118,000 Key Resistance Level
Summary: According to crypto analyst Murphy, BTC receiving support at the key level of $112,000 is significant. The trend oscillation range since April has been running between the orange and yellow lines, with the lower channel price currently at $112,000. As long as this line is not broken, the trend is expected to continue, with a ...
According to crypto analyst Murphy, BTC receiving support at the key level of $112,000 is significant. The trend oscillation range since April has been running between the orange and yellow lines, with the lower channel price currently at $112,000. As long as this line is not broken, the trend is expected to continue, with a potential rebound high point reaching the upper price of $124,000.
In addition, URPD data shows that as of today, 351,000 BTC have completed turnover in the $112,000-$114,000 range, an increase of 80,000 from August 3. The current key resistance level is $117,000-$118,000, and if not broken, BTC may retreat to $112,000. The ideal scenario is for the price to consolidate in the $112,000-$117,000 range, absorbing weak hands and building strength for a potential breakthrough.
Tags:
Link: Analysis: 351,000 BTC Turnover Completed in $112,000-$114,000 Range, $117,000-$118,000 Key Resistance Level [Copy]
