1:49 AMWhat helped Bitcoin regain positions above $ 9,000
The BTC to the dollar broke the limit of $ 9,000. Now the average market value of the asset is $ 9,126, and daily growth exceeded 4%. Analyst Yuval Gov from the Cryptopotato portal is confident in the continued growth of the main digital coin. He believes that the value of the coin after fixing above 9,000 will be able to rise to a resistance level of $ 9,300, which is expressed by the 50-day moving average.
If the Bitcoin rate breaks this value, the next target will be the lines of $ 9,400 and $ 9,600. Gov also noted that in the event of a fall in the value of cryptocurrency, the first serious obstacle will be the 200-day moving average, which runs around $ 8,700-8,750. If the coin rate continues to fall, the next support will be formed at 8,650 and then at $ 8,500.
Yuval Gov also said that a gradual increase in trading volume and the RSI indicator speaks in favor of strengthening Bitcoin. This confirms the increasing interest of buyers, although it is too early to talk about a specific transition to long-term growth.
A similar scenario is followed by Horus Hughes from the crypto portal Cointelegraph. He is sure that if BTC broke the resistance level by $ 9,000, the coin has a real chance of heading to the line of $ 9,140, and then to $ 9,306. The most important stage for the main cryptocurrency will be overcoming an important level of $ 9,500. If BTC breaks this level, it will move into long-term growth.
Subject to a change in the trend towards a depreciation of the dollar, the price of bitcoin can move to $ 8,720, where the 200-day moving average passes. Horus Hughes believes that the next support is at the Fibonacci correction level of 50%, which is located on the line of $ 8,400.
Yesterday, another well-known analyst, Willy Wu, expressed confidence in the long-term increase in the value of bitcoin. He believes that the rate of the main digital coin can jump to 135 thousand dollars in the current market cycle.
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