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Lunam Points
A largely followed analyst indicates that cryptographic markets can be on the verge of an explosive escape due to a key factor.
In a new thread, Crypto Trader Michaël Van de Poppe said to its 783,200 subscribers on the X social media platform that the reduction in interest rates of central banks to support the economy can cause a “banana zone” according to the historical relationship between digital assets and liquidity levels.
The banana area is a term used by cryptographic analysts to describe a period of rapid and explosive prices for digital assets.
“The ECB (European Central Bank) drops a rate. Trump attacker (president of the Fed reserve) J. Powell. It is at the corner of the banana area. “
Then the analyst indicates that Bitcoin (BTC) wins forward and could be about to pierce a level of key resistance at $ 86,549.
“Bitcoin approaches $ 85,000 and targets escape. Exciting. Good things happen. “
The analyst thinks that Bitcoin could find the six -digit level before the end of June.
“Bitcoin is still consolidated well between the two levels. The $ 87,000 test has happened, and I think we will see a great escape once we are going to test it again. What is the next one? Probably a record at a record level at the end of this quarter.”
The analyst also indicates that Bitcoin must have $ 80,000 as a medium to stay in an upward trend.
“Bitcoin is still stuck in the range, and as long as it remains above $ 80,000, I think we will agree with a more momentum.”
Bitcoin is traded at $ 84,572 at the time of the editorial staff, flat during the day.
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