Trader spoke about the prospects for bitcoin growth

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

We will figure out whether it is worth waiting for the quotation again at the lower border, or there are other options.

The price bounced from the rising white line. This happened on an abnormal volume indicating the aggression of the buyer. The angle of attack is growing, it is worth comparing only three attempts to approach the upper border:

• The first – with rounding;
• The second is more aggressive, but still with attenuation at the top;
• Third – a powerful green candle formed right under the resistance.

In addition, the closing price of a four -hour bar is the highest in the last few weeks. The last daily impulse occurred on the POC test, which adds strength to movement.

In the case of the second cryptocurrency, the impulse breakdown of resistance indicates a serious aggression of the buyer. A small rollback is possible, but in general Ethereum looks very similar.

At the moment, bitcoin and Ethereum look extremely strong. Multiple technical features indicate the exit from the sidewalls and upward movement.

But this nascent bull microtrend (which can last two to four months) is located within the framework of a large bear rally that began with historical maximums.

The goals of the https://gagarin.news/ru/news/court-allows-celsius-network-to-mine-and-sell-bitcoin/ bitcoin rebound is in the region of $ 35,000- $ 40,000, after which a decrease is not excluded.

Recall that 60% of Bloomberg surveyed investors considers it more likely to reduce bitcoin price by $ 10,000 than its restoration by $ 30,000.

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