Market situation: What is the condition for bitcoin to continue its upward trend?



Continuing the upward trend in the digital currency market in recent days, Bitcoin has managed to overcome significant resistance of $ 42,000. Many well-known altcoins have undergone double-digit mutations in the last 24 hours.

According to Crypto News, the price of bitcoin started high three days ago and managed to regain the level of 40,000 dollars after weeks of trying. Buyers have gone through a resistance of $ 42,000 and now every bitcoin is trading at a price higher than $ 42,800. The price of bitcoin has risen by 3% in the last 24 hours and by more than 15% in the last seven days.

Similar to the situation on the bitcoin market, the price of the most important instruments on the market is constantly rising. Atrium has so far managed to maintain its position above the level of $ 3000, and Ripple recently passed the key resistance of $ 0.70. Cardano, who is no exception to this rule, reached a resistance level of $ 1.15.

Market situation: What is the condition for bitcoin to continue its upward trend?
Map of the digital currency market on arz.watch

Bitcoin prices

After breaking the price trend, Bitcoin managed to overcome the resistance of 40,000. After this upward defeat, buyers continued to take control of the market and pushed the price above the resistance of $ 41,500. Yesterday, the efforts of buyers pushed the price above the resistance of $ 42,000, and now the level of $ 43,000 is the closest key resistance to the price. Passing this level could increase the price acceleration and bring bitcoin to the level of 44,500 dollars.

In the event of a downtrend, the closest price support will be $ 42,000 and the key weekly resistance is $ 40,000. The suspension of $ 40,000 support could trigger a new downward trend.

Market situation: What is the condition for bitcoin to continue its upward trend?
Bitcoin price chart (1 hour bitcoin market review / dollar)

Atrium price

Atrium followed its recent uptrend of $ 2,880. Atrium has been hovering above $ 3,000 in the last two days, with a 2% price increase in the last 24 hours and an 18% jump in the last 7 days, showing buyers’ efforts to recover prices. Atrium is currently facing resistance at $ 3,080, after which $ 3,120 will act as a key price resistance. Passing this level could also pave the way for a further jump in Atrium prices to $ 3,350.

On the other hand, if the market turns even further, the closest support will be at $ 3,000, after which $ 2,880 and $ 2,600 will act as key price support.

The price of the most important tools on the market

Cardano managed to reach the top of the resistance of $ 1.15 during this period and now the price has a chance to rise to $ 1.18. Continuing the upward trend may also push the price to a resistance level of $ 1.20.

Bainance Quinn has just passed the $ 400 key resistance and is currently moving above the $ 420 level. If buyers continue to work, the price will have a chance to rise to the level of $ 445 and $ 450.

Solana, who recently surpassed the $ 112 resistance, is currently on the verge of crossing the $ 120 level. If buyers manage to overcome this resistance, the road will be paved for further price increases to $ 125 and $ 130.

Dodge Quinn accelerated to $ 0.155. This is evident from the 7% increase in price in the last 24 hours and a 13% jump in the last 7 days. The next resistance for buyers is $ 0.162; But if the market continues to fall, $ 0.150 will act in support of Dodge Quinn.

Ripple prices have risen more than 12 percent in the last 24 hours, and the jump has so far been interrupted by resistance of $ 0.70. The next key resistance for Ripple buyers is $ 0.75, and crossing that level could speed up the price and pave the way for a jump to $ 0.80.

Prices of other instruments on the market

The profitability of many altcoins on the market in the last 24 hours has been more than 5% and these tokens can be found in Sheiba Ino, Decentraland, Leo (UNUS SED LEO), Axie Infinity, Theta Network, Noted Harmony, Flow, The Graph, Kusama, Loopring, Chiliz and Theta Fuel. Among these altcoins, Sheiba Ino rose 25% to $ 0.000028. The weekly return on this honeymoon was about 36%.

Post-market status: What is the condition for bitcoin to continue its upward trend? appeared first for currency.

Leave Your Comment

Your email address will not be published.

Supportscreen tag