BTC - 3h. The target of $50,000 is still relevant

15 de fev. de 2021

Good afternoon everyone) Congratulations on the start of the new week)

This time over the weekend, we didn’t do our traditional "Bitcoin weekend" idea because we noticed it was getting dull. However, if we were wrong, write in the comments which coins you would like us to analyze this week! If there are many comments, we will restore our section)

The trading week on the BTC market began with a fall. Despite a perfectly closed weekly candle, the BTC price fell by 7% with the start of a new day. This is not at all critical, since the fall happened within the consolidation.

Though, pay attention how other coins fell. This fall showed the strength of the coins well, since some coins (for example, BNB) fell by only 12%, some coins (for example, THETA, ATOM) completely returned the price level back, and some coins failed well and did not grow much (EOS, XMR, YFI).

Locally, if buyers manage to fix above $47,800, we will expect a new wave of growth to $50,000. So far, buyers have kept the critical price zone of $46,430-47,130.

Globally, however, we think this is the beginning of a reversal in the crypto market. Therefore, longs only with a short stop and it is time to look closely at short positions.

Happy week everyone!