Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The cryptocurrency market has continued its rise after yesterday's correction.
BTC/USD
Bitcoin (BTC) has risen by 0.85% over the last 24 hours.
On the local time frame, Bitcoin (BTC) is trading between the support level at $21,432 formed by the false breakout and the resistance at $21,826.
Denys SerhiichukAt the moment, the price is near the upper level, which means that one can expect the test of the $22,000 mark soon.
On the bigger chart, bulls held the rate of Bitcoin (BTC) above $21,000 yesterday, having confirmed a possible further rise. If the growth continues to the level at $21,868 by the end of the day, there might be prerequisites to see the main crypto around the $22,500 zone next week.
From the mid-term point of view, Bitcoin (BTC) is about to absorb the previous candle. If bulls can hold the initiative until the end of the week, traders may expect growth to the $24,000-$25,000 area. However, it might take time before that happens.
Bitcoin is trading at $21,699 at press time.
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya
Vladislav Sopov