Bitcoin looks bullish, here is the reason

Krypto News Österreich

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Veröffentlicht am 07.09.2021

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The price finally broke an important psychological price level of 52,000, and this means that retailers will probably feel more comfortable if they place bullish bets. In the past few weeks it has been the 50,000 resistance that kept the Bitcoin price strong, and the crypto king had really trouble moving up. However, it seems that retailers are now ready to drive the price up, and in the coming days we could easily see that the price reaches the 55,000 prize mark. However, the important level of resistance for Bitcoin is 60k, and if the price breaks through this price, we will probably ...

However, it seems that dealers are now ready to drive the price up, and in the coming days we could easily see that the price reaches the 55,000 prize mark. However, the important level of resistance for Bitcoin is 60k, and if the price breaks through this price, we will probably see a serious dynamic on the market that could help the Bitcoin to reach new record highs.

In terms of the price movement, the 50-day SMA exceeded the 100-day SMA and the crossover has taken place in the past few days. This is the first bullish sign for the Bitcoin price. Dealers are now waiting for the 50-day SMA to cross the 200-day SMA, and if this happens, this will be a further confirmation that the bulls will take control of the price.

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fusion media or someone who is involved in Fusion Media assumes no liability for losses or damage resulting from the trust in the information contained on this website including data, courses, diagrams and purchase/sales signals. Please inform yourself comprehensively about the risks and costs associated with trading on the financial markets, since it is one of the most risky forms of investment.

Bitcoin looks bullish, here is the reason

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