On the daily time frame, the vital consolidation zone, formed from September to November 2018, serves as an excellent resistance, meaning there is nothing to worry about in the global perspective. As the price keeps trading above that area, we are in the bullish cycle, which is also confirmed by the MACD indicator moving up.
In the long-term, the market picture shows only bullish sentiments taking into account its technical part and the mood of the crowd. It is likely that till the middle of June we will see 1 BTC at around $9,500.
The price of BTC is trading at $7,053 at the time of the writing.
In the long-term, the market picture shows only bullish sentiments taking into account its technical part and the mood of the crowd. It is likely that till the middle of June we will see 1 BTC at around $9,500.
The price of BTC is trading at $7,053 at the time of the writing.
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