Meanwhile, the bitcoin exchange rate seems to be preparing to make another attempt to overcome the important 58,000 per coin level.


This level was formed from the tops on February 22, when the market was subjected to the rapid selling on huge volumes (1).

After those days there were 2 attempts (2 and 3) to overcome the resistance, but each time the volumes were low to get a foothold above the 58K level, which can be interpreted as insufficient investor interest in the coin at such a high price.

Perhaps the new attempt will be more successful. Friday’s expiration of bitcoin options on the CME (after which bitcoin tends to strengthen) and the support line of the current uptrend channel will probably contribute to that.

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