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Bitcoin (BTC) looks set for a bull season!
Bitcoin (BTC), which has increased by more than 15 percent in just two weeks, continues to give positive signals about the bull season.
On January 23, Bitcoin (BTC), which was shaken by the successive fud news, tested $ 38,500. This price movement, which created fear in the crypto world, was short-lived and then settled into an upward trend. In particular, the massive exceedance of $40,000, which is a critical threshold both technically and psychologically, eliminated the sellers. Which levels are important to follow for the leader of the cryptocurrencies, which has not broken its upward trend for two weeks despite intermediate corrections?
Pullbacks are considered as buying opportunities!
BTC, which gained effective momentum with the break of $ 40,000, experienced a significant increase. The pioneer of cryptocurrencies, which progresses in correlation with dominance, has now broken above the minor resistance level. BTC, which is traded at $ 44,514 as of the writing of the news, may tend to test the upper levels if alarming transfers are not made or fud news does not arrive. In such a scenario, $45,479 – $46,198 – $47,036 and $48,966 can be targeted respectively.
Factors such as Grayscale continuing to sell large BTC, negative news that may come from the global side, or BTC closing for four hours below $ 44,316 will naturally shake the parity. In such a scenario, declines to 42,498 – 41,511 and 40,381 dollars can be observed, respectively. Additionally, the range of $41,875 – $41,457 may be decisive in this process.