Positive Bitcoin Growth Expectations of InvestorsImage by Sinisa Maric from PixabayThe day turned out to be the best for the cryptocurrency market \u2014 bitcoin grew by more than $ 3000 and set a new all-time high at levels above $ 23,700, thus reaching the previously designated target much faster than I expected.At the moment, the first cryptocurrency has reached an all-time high, enters a small correction, and is trading around $ 23,000.It will not be easy to outline the prospects, since earlier bitcoin has not yet cost so much, and the zones of interest of buyers and sellers have not been formed. Nevertheless, the \u201cdigital gold\u201d has already broken through the \u201cascending triangle\u201d formation, and we can be guided by the statistics we have.Graph: TradingViewA strong upward push is a good thing for the entire market and the bulls in particular, but the difficulty lies in the fact that it has generated a large amount of open interest in the long, and big capital really does not like this alignment, which is why it uses squeezes.Often we see 2\u20133 growth waves at once, and only after that a significant correction. I believe that the price can reach $ 25,000- $ 26,000, and then plummet to $ 20,000- $ 21,000. This will help to collect more late buyers, as well as make people believe in the serenity of the current growth.In an alternative, but less likely scenario, a fall is possible right now. But the movement to mirror the $ 19,500- $ 20,000 zone will be much more systematic.We saw the first option on example number 1 (graph below), and the second on example 2, respectively. Please note that for the implementation of scenario number 2, the price has gone too high, therefore, its probability is much lower.Graph: TradingViewSpeaking of longer-term\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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