The cryptocurrency market has recently solidified its bottom and is gradually rising. Many coins, including Bitcoin, have a holding pattern. The greatest interest is in being able to break out.
The point is whether BTC can get out of the strongly resisted $40,000. Currently, it has risen to a value close to that.
From double bottom, MACD golden cross, RSI rise, short-term momentum is strong, possibly breaking out of $40,000 at once with a triangular holding. However, the medium-term trend is still below. The long group that has been unrealized due to the recent crash and the settlement points are expected to be around $44,000 - $48,000.
The point is whether BTC can get out of the strongly resisted $40,000. Currently, it has risen to a value close to that.
From double bottom, MACD golden cross, RSI rise, short-term momentum is strong, possibly breaking out of $40,000 at once with a triangular holding. However, the medium-term trend is still below. The long group that has been unrealized due to the recent crash and the settlement points are expected to be around $44,000 - $48,000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.