By Bitcoinist - 1 ano atrás - Tempo de leitura: 2 minutos
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.
Apesar dessa ação de preço instável, um blog recente postar por Justin Bennett, trader e analista do mercado cripto sugere que o BTC estabeleceu níveis horizontais “fortes”, que são favoráveis tanto para scalpers quanto para investidores que preferem esse período de amplitude ou consolidação no mercado.
Esses níveis horizontais manterão um declínio potencial no preço do BTC?
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.
Embora os níveis horizontais vistos no gráfico possam fornecer oportunidades para escalpelamento, Bennett adverte que existe um risco potencial de queda se os níveis de suporte do BTC forem violados.
Bennett sugere que, embora o preço do BTC não tenha direção confirmada, atualmente há mais liquidações longas abaixo do preço do que liquidações curtas acima. Isso significa que um número maior de traders assumiu posições longas e pode estar em risco de liquidação se o preço cair ainda mais no fim de semana.
No entanto, com 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.
Segundo 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.
Mesmo se 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 Bitcoinação do preço.
Imagem em destaque de Unsplash, gráfico de TradingView.com
Fonte original: Bitcoiné