Trader estimated the possibilities of bitcoin price growth

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 demonstrated an excellent movement according to the last review. The price came out of the sidewoman, and the entire cryptocurrency market demonstrates good growth.

Quotes struck the resistance of $ 21,800- $ 22,100, successfully fixed. But this happened in a fairly low volume, there is no characteristic JOC pattern, which could suggest a false breakdown. However, the price has made a retest of a mirror level, forming a BTC pattern .

Ethereum also gives the market strength. Cryptocurrency from the bottom has already made almost x2.

The growth of the first cryptocurrency, although it looks cheerful, but after such an impulse fall from $ 30,000 to $ 18,000 of a very fast movement Что такое Bonfire? , you should not wait. Probably, bitcoin will go into the sidewall for some time with the prospect of exit above.

Recall that Glassnode analysts pointed to the signs of the formation of the bottom of bitcoin quotes, and Grayscale experts allowed the completion of cryptosima by the end of March 2023.

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