The trader warned of the likelihood of a “false removal” by bitcoin
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A practicing trader and founder of the Crypto Shaman project Vadim Shovkun talks about the current situation on the market.
After viewing for 14.ten.2022 The market received a rollback and began to recover again. There are about two weeks left before the US Senate, but for now, you can evaluate the likely scenarios of the Bitcoin price movement.
S&P 500
The market received a significant rollback and then moved to a logical growth. However, there are still no volumes.
What is currently expected? In the area of the 3920 mark, a serious area of resistance, which the price is unlikely to pass.
Quite logical growth and then Flat lasting 2-4 weeks. Then a decrease with the bottom update
The price continues to remain in a narrow sidewall $ 18 400-20 400. Small growth is still expected against the background of a general positive in the stock market. In addition, the price pierced the descending trend, which was formed 2.5 months. This can give bitcoin an additional impulse.
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It is worth saying about market moods in the context of bitcoin.
75% of public analysts are inclined to the fact that the first cryptocurrency has formed the bottom and is ready for serious growth in the area of $ 25,000-30,000.
According to the analysis of 15 paid (VIP) Telegram channels, 86% in favor of growth. Based on the results of the survey (where Bitcoin will come to), those who expect an ascending trend with a serious advantage will win with a serious advantage.
However, metrics, like a financing rate and liquidation schedule, indicate the absence of fuel for growth, as was the case in 2020 or 2021 before the start of a serious rally.
What about?
By bitcoin, revival can only be against the background of positive in the stock market. Growth is expected in the form of a “false removal”, no more – movement in order to collect liquidity and then go under a mark of $ 17,600.
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