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disclaimer Forecasts of financial markets are the exclusive opinion of their authors. The current analysis is not a guide for trading. ForkLog is not responsible for the results
Forecasts of financial markets are the exclusive opinion of their authors. The current analysis is not a guide for trading. ForkLog is not responsible for the results of the work that may occur when using the trading recommendations in the reviews provided.
Vadim Shovkun, a practical trader and founder of the Crypto Shaman project, talks about the current situation in the market.
Bitcoin showed great movement according to the last review. The price has gone flat and the entire cryptocurrency market is showing good growth.
Prices consolidated successfully and broke the $21,800-$22,100 resistance. But this happened at a fairly low volume, there is no characteristic pattern JOC, which may suggest a false malfunction. However, the price has already retested the mirror level, forming a pattern. BTC.
Ethereum also powers the market. From the bottom, the cryptocurrency has already done almost x2.
While the growth of the first cryptocurrency looks joyful, but after such a drop from $30,000 to $18,000, you shouldn’t expect too fast a move. Presumably, bitcoin will go sideways for a while with the prospect of going higher.
Recall that Glassnode analysts pointed to signs of a bottom formation with bitcoin quotes, and Grayscale experts allowed the crypto winter to be completed by the end of March 2023.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
