Will Bitcoin reach 58,000?
The 60,000 range is a good support for Bitcoin to go back up. If the price moves up from this area, it is likely that the Sharpe growth is expected by the market.
But we have another important support in the range of 58000, which reaches the trend curve at the same time.
In this area, we reach oversold in the daily time, which increases the desire to buy bits.
In case of failure of this support, we have another support in the range of 54,000, which we reach by breaking the trend curve.
By hitting that area, we can expect the price to return and a pullback to the broken trend curve.
After that, we should see the price correction in the weekly time and reach the price range of 40,000.
Conclusion:
The most important current support area is the 58,000 range, where we expect a return.
Have your say on the price future.
In the following, you can see the link of past analyzes and their detailed results.
But we have another important support in the range of 58000, which reaches the trend curve at the same time.
In this area, we reach oversold in the daily time, which increases the desire to buy bits.
In case of failure of this support, we have another support in the range of 54,000, which we reach by breaking the trend curve.
By hitting that area, we can expect the price to return and a pullback to the broken trend curve.
After that, we should see the price correction in the weekly time and reach the price range of 40,000.
Conclusion:
The most important current support area is the 58,000 range, where we expect a return.
Have your say on the price future.
In the following, you can see the link of past analyzes and their detailed results.
Note
Soon we will reach 58,000
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