After the tough bear market in 2022, we made a strong start to 2023. bitcoinreached $31,000.
Investors BTC’While we expect further rises, analysts at research firm Fairlead Strategies shared their thoughts on the long-term outlook in Bitcoin.
Speaking to Coindesk, Fairlead analysts said that for the bull in BTC to be confirmed, Bitcoin must exceed $ 31,900.
“We remain long-term neutral on Bitcoin, but a break above the ‘buy’ signal of the weekly and monthly MACD indicator will set the bullish reversal.
At this point, for the bull in Bitcoin to be confirmed, BTC must pass the $31,900 resistance and this move must be confirmed by momentum indicators such as the MACD histogram.
If these two events occur, the long-term outlook for Bitcoin will be confirmed to rise.”
According to Fairlead analysts, the positive rise seen in the MACD on the weekly chart provides an opportunity for BTC to break the $31,900 resistance.
BTC At the time of writing, it continues to trade at $ 30,600.
*Not investment advice.
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