Bitcoin rotates slightly less than a sign of $ 112,000 decisive again, which disturbed its highest level ever. Nearly 109,900 dollars was currently trading, and Bitcoin has shown great perseverance and upward momentum after a successful recovery from the support zone of $ 105,000. Technically, bitcoin is still in a strong upward direction. While it remains much higher than 100 days (97,901 dollars) and 200 days (92,302 dollars), the price continuously honored the moving average for 50 days, which is currently around 105,645 dollars.
As long as the momentum is not reflected, this bullish structure indicates that bitcoin is still in a strong position of another leg. However, data related to social feeling is more unveiled. Santiment claims that there were many nails in this period, where the highest level in Bitcoin is mentioned on board various social media platforms, especially on 2, 4, 5 and 9 June. It is interesting to note that each of these nails followed by short prices, which indicates the greed of the crowd often temporary peaks.
The good news is that these nails have not yet reached the absolute higher levels that were historically registered. The amount of conversation surrounding ATH is high at the present time, but it is not in any way. This indicates that the crowd has not yet reached a complete euphoria and that there is still a psychological space for bitcoin to rise, and perhaps its highest level has ever exceeded $ 112,000. A positive atmosphere is produced for an additional price growth through this accurate integration of technical strength and restricted social feeling.
The following attempt in ATH may have enough momentum to overcome the resistance and send Bitcoin to a price detection mode, provided that it remains higher than the subsidy of $ 105,000 and a social volume that is not crazy. To summarize, Bitcoin at a turning point.
Thanks to technical momentum and general but reasonable, feelings exchange them near the record of a new record. Bitcoin may be about to exceed its height at all – not only access – if retail eruption is kept under examination.
