Bitcoin Latest! 3 Analysts Pointed to a Single Level in BTC and Warned!

While there are still major fluctuations in the BTC price, it was seen that the price rose above $ 61,000 once again today in the evening hours before Jerome Powell's speech. While this price movement also moves the market, analysts seem to be drawing attention to important price levels.

According to information shared by an analyst of a crypto exchange, Bitcoin seems to be approaching a critical turning point. While it is important for Bitcoin to reach $ 62,000 in a possible way, this situation is a focused level for investors to pay attention to in order to prevent a retest of $ 49,000. Participating and winning has never been easier.. Become a member of BinanceTR from this link and get your first crypto!

Bitcoin is reportedly still trading near its 200-day exponential moving average of $59,500, which provides greater clarity on the latest price data. Kraken's statement includes comments that Bitcoin needs to break through the $62,000 resistance level in order to prevent a possible retest of $49,000.

When we look back at the first days of August, it fell below $50,000 on August 5, known as "Crypto Black Monday", and fell to $48,800 according to Binance data. This level was last seen in February. According to data provided by CoinGlass, the price movement towards $62,000 could be a move contrary to the expectations of many investors in the future, and as a result, $1.04 billion of short positions could be eliminated.