The trader spoke about the most likely movement of the price of bitcoin

Forecasts of financial markets are the private opinion of their authors. The current analysis is not a guide to trade. FORKLOG is not responsible for the results of the work that may arise when using trade recommendations from the presented reviews.

A practicing trader and founder of the Crypto Shaman project Vadim Shovkun talks about the current situation on the market.

Bitcoin demonstrates signs of recovery. We figure out whether to wait for the continuation of growth.

A small ascending wedge is formed on the daily timeframe.

The schedule below yellow is highlighted where https://gagarin.news/news/crypto-lending-top-5-services/ the very historical volumes that were mentioned in past reviews were passed. The quotes have already made an attempt to return to this range, but could not gain a foothold in this zone.

Inertia of falling over 40% is very likely. If a certain growth is formed over the weekend, it is very possible that the gap will close and the price will return to the previous values.

Due to the extremely high volumes in the medium term, it is better to work with long positions. However, for the transaction, it is logical to wait for a good entry point. Given the observations, the market can provide even more favorable prices for this.

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