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Bitcoin is strongly bullish at the time of writing and it could approach and reach the 60,000 psychological level soon.
The price has taken out a new upside obstacle, so the bias is bullish. Actually, BTC/USD was expected to increase again after failing to stabilize under $48,000 psychological level. The aggressive breakout above the $50,000 signaled a new leg higher.
Bitcoin's further growth should push the altcoins higher as well in the coming period. Technically and fundamentally, BTC/USD is bullish and it could extend its major and long-term uptrend.
It's traded at $58,800 at the time of writing above $58,550 former high signaling strong buyers. It has confirmed the breakout above $56,873 and through the upside 50% Fibonacci line by retesting these levels.
Closing above the former high signal a further growth at least until $60,000 psychological level. Actually, the next upside target is seen at the $60,100 level. The R1 ($60,501) and the upper median line (uml) could attract the price.
Closing above $58,550 validates a further growth towards the R1 ($60,501). The rate could approach and reach the red uptrend line in the coming days which is seen as a strong upside target.
The bias remains bullish as long as it stays above $56,873 static support.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
