It was another volatile trading week in the Bitcoin (BTC) market marked by almost equal amounts of losses and gains. According to data from CoinMarketCap, Bitcoin moved between $95,000 – $98,000, forming a strong consolidation zone. However, popular crypto analyst Burak Kesmeci states the critical levels for the premier cryptocurrency lie outside this price range. Related Reading: Bitcoin At Risk? Analyst Says Breaking This Price Level Could Spark Significant Volatility Bitcoin Key Levels To Watch – $94,000 Support Vs. $117,000 Resistance In an X post on February 14, Burak Kesmeci shared an interesting technical analysis on the BTC market highlighting two key zones that could decide the short-term price direction. One of these critical zones is the 1.6 Gold Ratio Multiplier which currently stands at $117,000. The 1.6 Golden Ratio Multiplier is a valuation tool used to identify vital resistance zones in a bull market. Therefore, Kesmeci postulates that if the Bitcoin Futures market closes above $117,000, spot traders can anticipate the bull rally to rediscover its form leading to an immediate uptrend. The second important price zone identified by Burak Kesmeci is the 111-day Moving Aver ..
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