Bitcoin says in a transitional period, BTC is expected to see several weeks from the upward trend if this happens
The cryptocurrency and Trader operates with Bitcoin (BTC) as the leading digital assets in a domain.
Analyst and merchant known as Rekt Capital Recount Its 108,000 subscribers in YouTube that Bitcoin in a “transitional period” can lead to price correction precedes a march.
According to the pseudonym, Bitcoin can first restore the main support level before following the upper direction.
“So in the short term, we may still see a little negative deviation. But for the moment, the main level of a recovery is at least 104,400 dollars. This is the level that regains it as support.
Rikt Capital says that if the support level of $ 10,400 continues, Bitcoin can try to turn the current high range and resistance level of about $ 109,000 to a support zone, “says Rekt Capital. According to the pseudonym, the new support area, if confirmed, can act as a starting point for another leg.
“[Reclaiming] This level [around $109,000] As support and do this successfully, he would see that it is actually moving to this upcoming upcoming trend …
If we erupted here, and as soon as this penetration is confirmed, multiple weeks must appear in the upper direction …
So it will be really important for PRICE to confirm its outbreak. Once you are completed, we will have some time to enjoy this upward trend to new levels ever. “
Bitcoin is trading at $ 10,710 at the time of this report.
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