Leading cryptocurrency Bitcoin With the rise it experienced today, it surpassed $ 38,000, but this was not permanent.
at this point BTC While it fell back to $ 37,780 levels, the upward expectation for Bitcoin continues.
Speaking to Coindesk Alex Kuptsikevich, senior market analyst at FxPro He was one of those who expected a rise in BTC.
at this point Stating that Bitcoin may be producing energy for the next rise, Alex Kuptsikevich said: He said that BTC has been in the consolidation process for about three weeks, that this process lasted shorter than expected, that the withdrawals were limited and that these were a sign of “bottom buying” demand.
“Bitcoin recovered in an ascending channel, reaching a three-week high of $37.8K on Wednesday evening.
Intensifying selling is thwarting attempts to raise the price, but pullbacks have become more limited in the last three weeks.
This shows that Bitcoin may be generating energy for the next rise, and the uptrend is increasing.”
*This is not investment advice.
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