Analysts: Bitcoin is open to jump to $ 57,000



Some analysts in the digital currency market say that bitcoin is open to jumps to the level of $ 57,000 and that this digital currency has no strong resistance. On the other hand, others believe that the upward trend of bitcoin may continue to be accompanied by a temporary decline.

According to the Kevin Telegraph, investor sentiment in the digital currency market improved significantly last week. Bitcoin is currently hovering around $ 48,000, and Atrium is trying to stay above the $ 3,400 range.

Bitcoin broke the resistance of 45,000 at the beginning of the trading day on March 28 (April 8). The digital currency continues to reach the $ 48,000 range and has fluctuated around that range ever since. Now a number of analysts doubt whether bitcoin could reach $ 80,000.

Analysts: Bitcoin is open to jump to $ 57,000
Daily chart of bitcoin prices in dollars.

Next, we will look at the views of a number of analysts on the future of the upward trend of bitcoin and explain what levels we should monitor in the event of a retreat or rise in this digital currency.

Bitcoin has surpassed its significant one-year moving average

Philip Swift, a well-known and independent analyst in the digital currency market, believes that a simple analysis is usually the best analysis. Comparing the chart below, he compares the price of bitcoin with its one-year moving average.

Analysts: Bitcoin is open to jump to $ 57,000
Daily chart of bitcoin prices in dollars.

Swift says:

The price of bitcoin again reached above the one-year moving average (yellow line). History shows that this level is very important for bitcoin and marks the beginning of an upward trend.

Maybe $ 45,000 can be a buyer’s entry point

An anonymous trader named Phoenix explained what price traders can use as an entry point if bitcoin is withdrawn. By posting the following chart on Twitter, he showed the possible trend of this digital currency over the next few weeks.

Analysts: Bitcoin is open to jump to $ 57,000
Six-hour chart of bitcoin prices in dollars.

Phoenix says:

Those who have failed to invest in bitcoin at a good entry point can hope that bitcoin will again reach the $ 45,000 range to be able to buy at a good price. However, there is usually no perfect entry point in the bitcoin market. In my opinion, if bitcoin can forcibly cross this channel and move up, we can say that the upward trend has begun.

There is not much resistance up to $ 57,000

Another anonymous analyst, Rekt Captial, talks about the levels that traders should watch out for if the price of bitcoin rises. Publishing the chart below, he showed that the price of this digital currency could reach $ 57,000 soon without any obstacles.

Analysts: Bitcoin is open to jump to $ 57,000
Monthly chart of bitcoin prices in dollars.

Capital Company said:

Technically, if by the end of March (April 11) Bitcoin can turn $ 47,000 into support in its monthly view, it will face little resistance on the way to $ 57,000.

Analysts’ publication: Bitcoin is open to jump to $ 57,000 appeared for the first time in digital currency.

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