Having a nice rise on the first day of October and closing above $ 44,000 in the 4-hour period. bitcoinAfter breaking this resistance, they continued their rise. In the coming hours, it has gradually seen above $ 48,000, which is an important resistance. BTCmanaged to pull the whole direction back on itself.
After this rising wave, which pleased investors, many experts gave their opinions. Here are some of them…
William Noble, chief technical analyst of research platform Token Metrics, stated that the important level to watch in BTC is $ 49,000. The analyst, who defined the region where the decline started as this,
“FED may have put money into the system to soften the Evergrande thing. This may have caused BTC to turn and flow money,” he said.
TrendSpider principal analyst Jake Wujastyk said, “The most important technical and psychological level for Bitcoin to rise further is $50,000. After this level is passed, $53,000 is important. Considering the volume accumulation, these levels are quite likely to come quickly. Especially at the moment, the volume weighted price average corresponds to $ 45,100. If this level is maintained, bullish attacks can accelerate.”
Collin Plume, CEO and founder of My Digital Money, said, “The most important level of resistance in front of $ 60,000 is $ 53,000. Our most important support was the $40,000 level. “For now, the direction seems to be up,” he said.
Nick Spanos, co-founder of Zap Protocol, said, “The $39,900 levels were very important. The fact that this level has not been lost and then has risen could be the start of a new rally,” he said.
*Not investment advice.