Experienced Expert Shares Key Level for Bitcoin Price: “As Long as It Stays Below This Level, Bears Will Dominate the Market”

Cryptocurrency analyst Joao Wedson made important statements about Bitcoin's current price movements and global economic ￰0￱ to Wedson, BTC is currently struggling to stay above its Short-Term Trader (STH) Realized Price of $109,200. The analyst stated that the course below this critical threshold creates negative social sentiment in the market and causes the selling pressure to continue, saying: “As long as Bitcoin doesn't stay above $109,200, selling pressure and negative social sentiment will ￰1￱ above this level could create a relatively more positive outlook for traders. However, the best strategy right now seems to be to observe.” Related News: ETF Expert Analyst Says, “Don't Underestimate XRP and Solana ETF Approvals,” Shares What He Expects Wedson also offered a compelling perspective not only on the crypto market but also on global economic ￰2￱ to historical cycles, the analyst argued that countries like Brazil will gain greater importance over the next 40 years: This isn't just true for Brazil; it's true for many ￰3￱ back at human history, great civilizations like the Persians, Egyptians, Greeks, and Romans eventually collapsed, and new powers ￰4￱ the industrial era, the UK and the US were at the forefront, but today, China's manufacturing capacity and integrated supply chains offer a significant advantage. *This is not investment ￰5￱ Reading: Experienced Expert Shares Key Level for Bitcoin Price: “As Long as It Stays Below This Level, Bears Will Dominate the Market”