The analyst reveals the level of Bitcoin Bls. It should defend the massive diving, and the path of the maps forward for the S& P 500 index

A widespread follower believes that Bitcoin (BTC) will remain in the bull cycle if the main encryption assets maintain a single key level as support.

In a new video update, Benjamin Quinn, encryption strategy expert Recount Its 892,000 subscribers in YouTube subscribers that if Bitcoin decreases to less than $ 69,000, the bear market may result.

“In the short term for Bitcoin, good news is that we have maintained the highest level of 2024; we have maintained it. This is a good thing. I still think bitcoin can reach $ 69,000 and the market structure is fine.

But below, I will not be optimistic. Well, I will not be. This is the region [between $73,617 and $69,048] Where you really want to see the bulls come to the table and carry support because if they do not, and if it is about here [below $69,000]Maybe this is. “

Bitcoin is trading for $ 79,752 at the time of writing, a decrease of 4.3 % in the past 24 hours.

Quinn also believes that US President Donald Trump or the Federal Reserve will take measures in the coming months to confront the radical landfill in the stock market where Trump keeps tariff The war continues.

“I think there are levels in the market where you will try the forces that will try to intervene and encourage the market participants to risk and get more exposure. I think there is an opportunity here because we only discovered that for the president, and we do not know yet, and we do not know after that.

Therefore, it is one of those things that, if the president steps and reduces some uncertainty, the Federal Reserve may not have to do anything, but if it continues, we will discover the location of the Federal Reserve. If we go out to July and all these identification things that go back, we can know where the Federal Reserve will start in an attempt to intervene. But I thought this is the level that the president decided that the time has come to try to intervene and know something else. “

https://www.youtube.com/watch?

Follow us xand Facebook and cable

Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox

Check the price procedure

Browse the daily Hodl Mix

& nbsp

Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.

Created Image: Midjourney