Leading cryptocurrency Bitcoin It rose above $57,000, reviving the bullish sentiment among investors. New Bitcoin statements came from Katie Stockton, founder and managing partner of Fairlead Strategies.
Stockton, a well-known name on Wall Street, said in a note to his clients on Monday that new rises are at the door of BTC.
At this point, Bitcoin has risen above the critical resistance level of $ 48,600, it is permanent here and this situation “Medium-term uptrend on Bitcoin chart” He claimed to have pointed it out.
In line with Stockton bullish expectations Stating that he expects the uptrend in Bitcoin to continue towards short-term and “ultimate” resistance levels of $56,400 and $64,900, respectively. Stockton’s initial estimate of $56,400 quickly came true.
The successful analyst included the following statements in the note:
“Bitcoin confirmed persistence above the $48,600 resistance level, indicating a medium-term bullish trend on the BTC chart.
However, although short-term technical indicators suggest there may be a period of consolidation in the coming days, Bitcoin has positive long-term momentum according to our trend-following indicators and there is no oversold ‘sell’ signal on the monthly chart.”
BTC’s rise to $64,900 represents a potential upside of 22% from current levels.
Bitcoin At the time of writing, it continues to be traded at $ 56,256.
*This is not investment advice.
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