The next goal of Bitcoin is $ 36,000: Matrixport Data

The next goal of Bitcoin is $ 36,000: Matrixport Data

According to data from the crypto finance service platform Matrixport, the wedge, which has been narrowing for three weeks, is short of the outbreak. Such a trend could project a movement to project the same amount upwards as the range in which the triangle began.

An outbreak could lead to an increase in the Bitcoin price by 6,100 points, which sets a target of $ 35,000 to $ 36,000. Such an upward trend would mean almost 20 % profit compared to the current course.

• Research of matrixport The Fed increases the interest by another 25 Probably the last rate increase in this cycle. This could possibly prepare the cryptom market for another strong rally.
• At the same time, the banking sector was haunted by a number of failures that require liquidity injections and state guarantees for every party. Many experts believe that Bitcoin could thrive in the United States in the middle of the ongoing banking crisis.
• In addition, the stock returns seemed to be resumed for companies in the country in the recent reporting season. In fact, it is expected that the return purchases will reach $ 1 billion this year. This trend could not only prove to be beneficial for shares, but also for risk systems such as crypto.
• Despite the recovery of $ 29,000, the trading volume of Bitcoin is declining. However, the report also found that "the way upwards sees only limited resistance".
• Another important factor that indicates an upward trend are the transactions in the Bitcoin network that reached a record high. The number of active addresses in the network has also remained strong and is almost 1 million addresses.