Bitcoin will encounter obvious resistance near the level of $ 94,000

At the beginning of this week, bitcoin quotes increased sharply to $ 95,000, but then the main digital coin again faced the pressure of sellers. Buyers managed to deter a further drop in prices near the level of $ 82,000. However, many analysts suggest that it will be difficult to develop a potential bullran in the current realities.

Representatives of the Bitfinex exchange spoke about the current situation in the market. They believe that bitcoin will face strong resistance at $ 94,000. The main digital coin has grown against the background of news about the potential creating bitcoin reserve in the United States. As the head of the country Donald Trump noted, not only BTC, but also a number of large altcoins will enter this pool. However, many specialists were skeptical of such rhetoric.

It is worth starting with the fact that large institutional investors will try to lobby the interests of altcoin, in which they specifically invest significant funds. This can result in a large -scale conflict of interests, which does not fit into the concept of a strategic financial reserve. A number of experts also suggest that Trump will be very difficult to realize their initiative.

Despite its significance in the political field of the United States, the consent of the Congress will be required. But so far there are no real actions in this direction.

It is also worth considering that many famous analysts positively evaluate the short -term dynamics prospects bitcoin. For example, an expert under the nickname Rekt Capital suggested that soon the crypto flagship will come to a retest of $ 95,000. But it will be difficult to break above this mark, since the high pressure of sellers can be traced. In parallel, the volatility of the price in the current conditions will remain significant.

Author

Andrey Alexandrov