After floating in the $ 8,000 area for a prolonged period, Bitcoin has been able to give some indication of a boom as its buyers increased their price by more than 3%. This last increase confirms the upper area of $ 7,000 as a strong level for BTC.
Analysts believe that today's rebound has pushed BTC beyond several key technical levels, previously pressing its price, which could mean that it is positioned to benefit significantly in the near future.
Bitcoin up more than 3%, as Bulls, respond to recent dip below $8,000
At the time of writing, bitcoin is trading below $ 8,300 more than 3% of its current value, and cryptography has sunk below $ 8,000 in a field just days after the boom that seems to be filled with significant pressure. Is.
Although BTC has not adopted any significant trend in any direction in recent weeks, the recent consolidation episode has proven to be positive for many major altcoins, with XRP and others posting large gains in recent weeks. They have been
Although it is unclear whether the latest increase in bitcoin points to an underlying increase in cryptocurrencies, analysts believe that if it exceeds $ 8,000 in the short term, higher profits will be generated. It canbe deployed.
Hornhair, a popular crypto analyst on Twitter, talked about this in a recent tweet, stating that he would like to enter new long posts of around $ 8,100.
"Almost on time … Bullish as long as we stay above the switch. I will hunt over $ 8-8.1k this week. $ BTC # bitcoin," he explained.
Analyst: Technical structures that strengthen BTC isolation
Josh Olschiewicz, another popular crypto analyst, supported Bitcoin's Hornhair analysis and recently offered an in-depth analysis of the cryptocurrency, pointing out several key technical levels at which it breaks decisively.
"4h $ BTC - Bull Div Held - Range Lows Held - Back Up Midband (20SMA)," he explained in a tweet.
In the coming hours and days there will be a possibility that Bitcoin will take an even more medium-term trend, since it could accelerate even more in the short term if it is able to stay above the previous technical levels.
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