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Bitcoin is slowly gaining momentum


Good afternoon!

Bitcoin, having broken through the next level of 20500, is now actively testing the indicated horizontal, trying to close the day with absorption. The implementation of the upward scenario of the coin is gaining momentum. The first target is the resistance level of 22500, after a potential breakdown of which the price can reach 25500:

The S&P500 index rebounded from the level of 3900 (it is also the 50% Fibo level) and the downtrend, so in the short term there is a potential opportunity for the index to decrease towards the level of 3578 from current prices:

Bitcoin is slowly gaining momentum

Silver is actively growing towards the upper limit of the range – the level of 20.90. The basic scenario so far is this – a rebound from the specified level down, inside the range:

Bitcoin is slowly gaining momentum

Oleg Svirgun, analyst at the brokerage company Tickmill

03/11/2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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