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Bitcoin price prediction: BTC supports at key levels, says Tuur Demeester

Bitcoin price prediction: BTC supports at key levels, says Tuur Demeester
@TuurDemeester: Bitcoin price prediction

Tuur Demeester offers a technical analysis on Bitcoin's comparison to gold.

He explains the significance of horizontal support and resistance levels over diagonal ones in market analysis. Demeester sees support for Bitcoin at price levels equivalent to 25.3 oz (~$107k), 18.5 oz (~$78k), and 13.8 oz (~$58k) of gold. The breach of diagonal support is concerning, but he suggests it does not necessarily indicate the end of the bull market.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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