Analyst Recommends Buying if Bitcoin Stays Below This Price! - Coin Bulletin

Analysts noted that Bitcoin is at a critical support level of (BTC) and warned that selling pressure could increase if it falls below 89,600 dollars

According to CryptoQuant analyst, the biggest long position liquidation in the Bitcoin market recently occurred. The 245 million dollars long position liquidation, reached the highest level seen since November. The analyst expressed that such a large liquidation reduces the depth of the order book and may cause even small volume purchases to cause the price to rise.

In addition, the analyst emphasized that the average cost of big investors who purchased Bitcoin in the last six months is around $89,600, and said that this level could function as a psychological support point.

Do not take risks if Bitcoin deepens, sell!

However, the analyst pointed to the internal and external risk factors facing the market. The recent hack incident in the Ethereum ecosystem has shaken investor confidence and led to general uncertainty in the cryptocurrency market. In addition, new tariffs and inflationary pressures imposed by the Trump administration in the US accelerated sales in risky assets. These factors led to Bitcoin breaking the $90,000 support.

According to the CryptoQuant analyst, if Bitcoin remains below the $89,600 level, selling pressure could increase further and the price could experience a sharp decline. Therefore, investors are advised to hedge with short positions in the futures market for risk management or sell a portion of their assets.