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Tuesday, January 31, 2023

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Bitcoin (BTC): Towards $25k? For an analyst, the current scenario is one of “extreme risk”

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For him, the current support is at $21,000, and if he loses, the next one is at $19 (Image: Pixabay/vjkombajn )

The current moment of Bitcoin (BTC) brings controversial analysis to a wide range of chart analysts. For the most part, the $25K price range is the next major resistance the cryptocurrency needs to break through.

Currently, the cryptocurrency it has appreciated by almost 40% since the beginning of the year, and for two consecutive weeks it has shot up on a Friday.

Bitcoin (BTC) is in an extreme risk zone

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Tasso Lake, private fund manager in cryptocurrencies and founder of Financial Move, comments that the $25,000 range is like a “hot iron”, that the closer the cryptocurrency approaches, the reaction tends to be to retreat.

Bitcoin
(Image: Tasso Lago/Disclosure)

“This whole region is a struggle. There’s no way to say we’re going to get there [aos US$ 25 mil]. Every resistance and support is a heat zone,” he explains.

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For him, the current support is at US$ 21,000, and if he loses, the next one is at US$ 19. “The current scenario is one of extreme risk. I recommend waiting to set up poisção”, he says.

Source: Moneytimes

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