By Bitcoinist - 1 jaar geleden - Leestijd: 2 minuten
Bitcoin's Horizontale niveaus tonen potentieel voor 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.
Ondanks deze schokkerige prijsactie toch een recente blog post door Justin Bennett, handelaar en analist van de cryptomarkt suggereert dat BTC "sterke" horizontale niveaus heeft vastgesteld, die gunstig zijn voor zowel scalpers als investeerders die de voorkeur geven aan deze periode van bereik of consolidatie in de markt.
Zullen deze horizontale niveaus een potentiële daling van de prijs van BTC inhouden?
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.
Hoewel de horizontale niveaus in de grafiek mogelijkheden voor scalperen kunnen bieden, waarschuwt Bennett dat er een potentieel neerwaarts risico bestaat als de ondersteuningsniveaus van BTC worden overschreden.
Bennett suggereert dat hoewel de prijs van BTC geen bevestigde richting heeft, er momenteel meer lange liquidaties onder de prijs zijn dan korte liquidaties erboven. Dit betekent dat een groter aantal handelaren longposities heeft ingenomen en mogelijk het risico loopt te worden geliquideerd als de prijs in het weekend verder daalt.
Echter, met 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.
Volgens 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.
Zelfs als 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 Bitcoin's prijsactie.
Uitgelichte afbeelding van Unsplash, grafiek van TradingView.com
Originele bron: Bitcoinis