"Bitcoin is at a major turning point!" An experienced analyst shares two possible scenarios.

Bitcoin has broken a new record in recent weeks, rising above 111 dollars. However, there has been a significant decline since then and the momentum of Bitcoin is said to have temporarily weakened. At this time, analyst Rachael Lucas of BTC Markets stated that the price of Bitcoin is at a turning point in terms of psychology and technical aspects that could either begin or end the next bullish phase. "Indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are signaling that the current upward momentum is starting to weaken. However, the long-term outlook for Bitcoin is very optimistic, as both analysts and market participants increasingly believe that we may be entering the early stages of a new supercycle. "At this time, investors are showing caution as they are unsure whether this is the beginning of a short-term peak or a pause before the next rise." Bitcoin at the decisive moment! While analysts note that the long-term outlook is optimistic, he stated that Bitcoin is at a critical juncture and there are two possible scenarios for Bitcoin in the coming days. When stating that Bitcoin must maintain within the range of 103,000 – 105,000 dollars at this time, the analyst assesses that the possibility of falling below 103,000 dollars could extend down to 93,000 dollars. "If Bitcoin can maintain within the range of 103,000 - 105,000 dollars, the price may rise back up to 115,000 dollars. Conversely, if the price of Bitcoin falls below 103,000 dollars, the price of Bitcoin may fall to 93.0"