Jiang Zhuoer: Bitcoin May Lose 80000 USD, Expected 77000 USD Support to Hold
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AT A GLANCE
Jiang Zhuoer believes Bitcoin may fall below 80000 USD, but support at 77000 USD may be difficult to break.
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Jiang Zhuoer: Bitcoin May Lose 80000 USD, Expected 77000 USD Support to Hold
BlockBeats reports that October 13, founder of Lebit Mining Pool, posted that he currently believes Bitcoin 80000 USD will most likely be lost, but 77000 USD will most likely not be broken. 77000 USD is both the point of control (POC) of the volume distribution in the previous consolidation range (POC), and August 19 since the start of the POC rally, namely the price level with the largest trading volume in the corresponding range. He also believes that the market will most likely not fall below 75000 USD, allowing everyone to buy at a comfortable level.
Original link https://m.theblockbeats.info/flash/371470
Key points
01
Jiang Zhuoer said that Bitcoin 80000 USD will most likely be lost.
02
Jiang Zhuoer said that Bitcoin 77000 USD will most likely not be broken.
03
77000 USD is the point of control of the previous consolidation range and the August 19 rally since its start (POC）。
04
Jiang Zhuoer believes that the market will most likely not fall below 75000 USD.
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This report was published by BlockBeats.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is Jiang Zhuoer's personal assessment of key Bitcoin price levels, not a verified result.POC refers to the price level with the largest trading volume within the corresponding range, and 77000 USD is regarded by him as an important level.
Why it matters to readers
If the assessment proves correct, 80000 USD may become a price level requiring attention, while the price reactions near 77000 USD and 75000 USD also warrant observation.
Beginners may understand this as a price forecast: the view is that downside risk exists, but there may be strong support near 77000 USD; this does not mean that the price will necessarily follow the forecast.
Risks and unknowns
80000 USD Whether it will actually be lost has not been confirmed by the original text.
77000 USD Whether it will hold has not been confirmed by the original text.
Whether the price will fall below 75000 USD has not been confirmed by the original text.
This is a personal opinion, and the prediction remains unverified.
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Related concepts
support level
An area that may act as a “floor” for the price, but strong selling pressure can still cause it to break below this level.
