Financial market forecasts are the private opinions of their authors. The current analysis is not intended to be a guide to trading. Cryplogger is not responsible for the results of work that may arise when using trading recommendations from the presented reviews.
A practicing trader and project founder talks about the current market situation Crypto Mentors Nikita Semov.
Bitcoin has shown an upward trend in recent days. Let’s take a look at the key levels and find out why the first cryptocurrency is now in an important price area.
Quotes are sandwiched between $ 55,900 (Value Area Low) and $ 58,900 (Value Area High). In such market structures, the rotation is usually expected to continue within the allocated range. If it goes beyond the boundaries of the price corridor, movement to the level of $ 63,500 is likely.
With the “corroding” of the limit densities at $ 58,900 and the appearance of patterns of accepting higher price values, one can count on the global continuation of the upward dynamics with the potential for a possible renewal of the maximum already this year.
The growth scenario takes effect only if the designated mark is exceeded.
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Financial market forecasts are the private opinions of their authors. The current analysis is not intended to be a guide to trading. Cryplogger is not responsible for the results of work that may arise when using trading recommendations from the presented reviews.
A practicing trader and project founder talks about the current market situation Crypto Mentors Nikita Semov.
Bitcoin has shown an upward trend in recent days. Let’s take a look at the key levels and find out why the first cryptocurrency is now in an important price area.
Quotes are sandwiched between $ 55,900 (Value Area Low) and $ 58,900 (Value Area High). In such market structures, the rotation is usually expected to continue within the allocated range. If it goes beyond the boundaries of the price corridor, movement to the level of $ 63,500 is likely.
With the “corroding” of the limit densities at $ 58,900 and the appearance of patterns of accepting higher price values, one can count on the global continuation of the upward dynamics with the potential for a possible renewal of the maximum already this year.
The growth scenario takes effect only if the designated mark is exceeded.
Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.
Found a mistake in the text? Select it and press CTRL + ENTER
