Greetings to all the readers of this great platform, especially the readers of this great #LeoFinance community, in this opportunity I want to share with you information regarding the behavior of BTC in the current market, taking into consideration that it managed to get out of its accumulation zone at the time of overcoming that ascending triangle, exceeding 45k in terms of the market price, and giving a break to investors and users of cryptocurrencies.
|
|---|
The BTC was a long time in a descending channel pronounced, which generated a lot of panic in the market, thinking that it was a correction like 2018 or worse than that, in spite of this, the BTC endured the market by losing only half of their value in the market, for which it has been considered as a correction wide, with an area of accumulation pronounced to be able to recover the strength lost in the market.
The accumulation zone was apparently already overcome in the first quarter of the year, reaching a second step where you have to grab oxygen again to be able to increase its strength, through new investors who acquire BTC at a more accessible price, and performing the expected behavior in the market.
|
|---|
As you can see in the graph shown above, BTC came to be over 48k in terms of its price in the market, but with the great momentum it made to overcome the resistance of 45k, it was evident that it lost at the time the strength it had to exceed that price, so it is necessary to make a small correction and capture investment.
That is what happened in the market today, then you get to the 48k was slowly losing the strength that it had in the market, and its price, which is already performing the fix relevant for support in the 44k, with this process to attract investors again recovering its price, it is only a matter of waiting for the market to tweak its behavior.
The image used in the banner at the bottom is by the author 