Comments on the Rise of Bitcoin: The war of $45,000

Comment from Analysts on the Rise of Bitcoin: The war of $45,000
Comment from Analysts on the Rise of Bitcoin: The war of $45,000


While Bitcoin’s attack on Sunday morning with TSI and crowning the rise of Bitcoin in the last days by over 45 thousand dollars made the investors of the biggest crypto money smile, a hard-selling movement came from this figure. Experts, on the other hand, think that the $45,000 level will play a critical role.

Bitcoin, which went up to the level of 45300 dollars yesterday morning and faced some sales from here, reached its highest point as of May 18. The biggest crypto money, which is in very serious volatility, gave its investors active hours with sharp drops and exits during the day.

Analysts, interpreting this trend of Bitcoin, which exhibits ups and downs between a thousand and 2 thousand dollars within hours, state that the biggest cryptocurrency is trying to test the resistance at the level of 45 thousand dollars with the rise of Bitcoin.

“War of 45 thousand dollars”

According to John Iadeluca, founder and CEO of the multi-strategy fund Banz Capital, there is a battle at the $45,000 level:

”After reaching above $43,000, Bitcoin prices have already added more pressure to the current $50,000 resistance level. Thus, It will face new resistance at the $45,000 price level. The $50.000 price stands as an important psychological level as well as the technical one with enormous selling pressure.”

More than 42,500 closures are important.

As it will be remembered, Fairlead Strategies founder Katie Stockton, who is one of the well-known names in the crypto money world with her comments, said in her comments recently that Bitcoin should close above the $ 42,465 level in order to go beyond the 30 thousand to 42 thousand dollars level that it has been circulating since May.

“If 45 thousand is exceeded, 50 thousand roads will be opened”

According to Iadeluca, these levels will set the tone:

“Overcoming the 45 thousand dollar barrier will open the way to 50 thousand dollars. However, if there is a decrease, the first 43 thousand and then 42 thousand dollars will be the resistance point. ”

SEE ALSO: Bank of America’s Report About El Salvador’s Bitcoin Move

Share this article

Caroline Tetra

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

What are the Formations and Forex Chart Patterns?

Tue Aug 10 , 2021
What is formation? What is formation in the stock market? These questions are at the top of the questions that many investors investigate. Technical analysis formation are very important data when trading. Therefore, trading with forex formations allows one to act more rationally with technical analysis knowledge. Technical analysis patterns […]
What is Formation? Technical Analysis Patterns
Subscribe to Our Newsletter Don't miss the latest news!

Enter to get a chance to win 100$ every week!