By Bitcoinist - prieš 1 metus - Skaitymo laikas: 2 minutės
Bitcoin’s Horizontal Levels Show Potential For Bullish Trend
After recovering its bullish momentum, the largest cryptocurrency in the market, Bitcoin (BTC), briefly broke above its key resistance level of $28,700. However, the cryptocurrency retracted and returned to trading within its range formed in the last week between $27,600 and $28,500.
Nepaisant šio nepatogios kainos veiksmo, neseniai paskelbtas tinklaraštis paštu Justin Bennett, prekybininkas ir kriptovaliutų rinkos analitikas teigia, kad BTC nustatė „stiprius“ horizontalius lygius, kurie yra palankūs tiek skalperiams, tiek investuotojams, kurie teikia pirmenybę šiam diapazono ar konsolidacijos laikotarpiui rinkoje.
Ar šie horizontalūs lygiai gali sumažėti BTC kaina?
Bennett further mentions that Bitcoin trades above the $28,130 pivot point on an hourly and 4-hour closing basis. Any attempt to retest this level will likely attract sellers, potentially triggering another run at the $27,650 support floor and potentially lower prices.
Nors diagramoje matomi horizontalūs lygiai gali suteikti galimybę nuskalauti, Bennett įspėja, kad gali kilti neigiamo poveikio rizika, jei bus pažeisti BTC palaikymo lygiai.
Bennett teigia, kad nors BTC kaina neturi patvirtintos krypties, šiuo metu yra daugiau ilgų likvidavimų žemiau kainos nei trumpų likvidacijų aukščiau. Tai reiškia, kad daugiau prekiautojų užėmė ilgas pozicijas ir gali kilti likvidavimo rizika, jei savaitgalį kaina toliau mažės.
Tačiau su Bitcoin trading above the key pivot point, there is still potential for further upside and consolidation above the $29,000 level. The $28,900 macro resistance level is the next target for BTC, and a successful breach could lead to further gains for the largest cryptocurrency in the market.
Bennett further suggests that the primary range for Bitcoin is between $26,500 support and the $28,900 resistance wall, with smaller ranges within this range. This can result in the price movement may be relatively stable within this range. Still, there is a potential for significant volatility if the price breaks out of this range and experiences a correction toward the support level.
A New Cycle Is Just Beginning For BitcoinAccording to Rekt Capital, with the closure of Q1 for Bitcoin and the broader cryptocurrency market, BTC is on the verge of confirming its first bullish quarterly engulfing candle since early 2020. This pattern occurs when the opening price of a particular quarter is lower than the closing price of the previous quarter.
Pagal to Rekt, this pattern has historically preceded multiple quarters of upside for Bitcoin, meaning that BTC’s price tends to increase for several quarters after the pattern is confirmed, like in the bull market of 2021.
Net jei Bitcoin’s price experiences a pullback in the near term, the sentiment of the cryptocurrency market seems to aim for one thing: BTC is poised for a new bull run.
The market is expected to undergo a sustained period of price increases in the coming months, with the first quarter closing above key levels. This suggests strong potential for growth and investor confidence despite short-term fluctuations in Bitcoinkainos veiksmas.
Teminis vaizdas iš Unsplash, diagrama iš TradingView.com
Originalus šaltinis: Bitcoinyra