BitcoinLong
$BTC/USD is still bullish
BTC has fallen for the first time in about a week, temporarily lowered to around $50,500.
El Salvador's Bitcoin Bill Enforces Today, although it temporarily soared to around $53,000, it seems that a profit-taking sale has entered from a sense of high price caution.
However, this adjustment did not result in a major plunge. We believe that the price will be reduced within a healthy range.
Especially for altcoin, the amount of inflow of funds into various investment products is increasing, on-chain data also suggest a bullish trend. The uptrend is expected to continue with short-term adjustments.
BTC has a strong consciousness line around $49,500 to $50,000. Markets that have fallen so far have been bought and continue to rise within the parallel channel.
If it breaks above the $52,800 line, it will likely to be above $60,000.
El Salvador's Bitcoin Bill Enforces Today, although it temporarily soared to around $53,000, it seems that a profit-taking sale has entered from a sense of high price caution.
However, this adjustment did not result in a major plunge. We believe that the price will be reduced within a healthy range.
Especially for altcoin, the amount of inflow of funds into various investment products is increasing, on-chain data also suggest a bullish trend. The uptrend is expected to continue with short-term adjustments.
BTC has a strong consciousness line around $49,500 to $50,000. Markets that have fallen so far have been bought and continue to rise within the parallel channel.
If it breaks above the $52,800 line, it will likely to be above $60,000.
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