As expected, it managed to break $ 44,200 in the specified price range and time frame, and with the increase in market volume, we are witnessing a significant growth of other currencies in the market.
With the breakout of the $ 47,000 range and stabilization above this range, the next target mentioned earlier is around $ 50,000 activated in the above timeframes, and if the above scenario is realized, the market trend will be positive again and the correction wave will end. will receive
As mentioned before, in order to prevent any losses in case of market re-correction, the loss of all currencies reviewed and presented will be updated soon.
Examining the 1-hour timeframe of the Bitcoin chart, the market is expected to have a relative stability over the next 24 hours, leading to further growth of altcoins and an increase in the overall market volume.
Losses for the current bitcoin range penetrate the range of $ 45,700
Trade closed: target reached
⋅
According to the previous analysis, after crossing the resistance, the range of $ 47,000 has moved towards the specified targets and is now fixed above $ 53,800.
The current move is expected to continue up to the $ 58,000 range, and after reacting to this range, re-enter a temporary and short correction and then move higher to record a new price ceiling.