Bitcoin continues its rise to the area at around $ 5,200, as technical indicators signal that after the decline, buyers have managed to maintain their dominance over vendors.
However, their inertia seems to diminish. It is likely that market participants will decide to make some of their profits, which would again lead to testing the support level of about $ 4400. A bigger drop, for now, is unlikely.
However, there are still no signals that the market is overbuilt, so buyers can safely bring the price of Bitcoin to values of at least about $ 5,000, and why not test the top of the $ 5,200 price channel.
The analysis is for informational purposes only and does not constitute advice, recommendation or offer to buy or sell Bitcoin, any other crypto currencies or financial instrument. @crypto-rev is not responsible for any losses after the use of the current analysis. Invest wisely and only amounts that you can afford to lose.
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