BTC is forming resistance at $52,000, but the $60,000 level is its benchmark still, while ETH retains a chance to update its historical maximum at $4,400, 8848 Invest’s analyst Mark Sorokin says.

The previous week closed quite positively. There was growth, as well as an attempt to quit out the new local flat, but generally, the market has begun to be drained down again. So far, it looks like a promising liquidity gain, but to grow from a promising one into a real one, it’s necessary to wait for the formation of a new local flat trend at current levels.


The digital asset market is positive, and the most likely scenario is an upward movement of BTC and other key market tools, 8848 Invest’s analyst Mark Sorokin says.

Last week, the market situation didn’t change significantly. Most of the tools reached their resistances and a quite natural pullback has begun.

‘As for BTC, I expect to reach the level of $42,000, or slightly lower. A new reversal will be formed at this level. However, in my opinion, before this happens, some visual information should appear that will send the market further up,’ the expert notes.

This will look like the…


The market continues to show positive dynamics. At the same time, local knock-down of stops, so-called ‘shakeouts’ aren’t excluded, which will follow by the growth continuation, 8848 Invest’s analyst Mark Sorokin says.

The market continues to show positive dynamics. BTC is constantly gaining liquidity and moving up slowly. However, as the tool gains volumes, it regularly rolls back to get more favorable buying levels.

‘Now I am waiting for a generally sharper drain down, that is, the merging of buyers’ stops. …


The market began to redistribute money from the resistance to the current support. The current breakthrough of the upper resistance limit may turn out to be a false quit out, but for now, the key scenario is the BTC growth continuation, 8848 Invest’s analyst Mark Sorokin says.

There is a quite curious situation on the market. Most market tools are currently trying to quit out of their flats up. …


Most of the market tools have risen from the lower flat border. At the same time, BTC reached the level of $40,000. However, market participants haven’t yet fully grasped the market sentiment and haven’t decided on further actions, 8848 Invest’s analyst Mark Sorokin says.

Last week, there were positive changes in most of the market tools. The prices of most coins have risen from the lower flat border. The most active one was the market benchmark, BTC, whose price reached the level of $40,000.

Currently, the asset is trying to foothold above the local accumulation range. …


The market continues to accumulate the volumes necessary to break through the resistance levels. The key market tools will quit out of their savings at the top, 8848 Invest’s analyst Mark Sorokin says.

The market situation didn’t change significantly last week. Accumulations continue for all key market tools including BTC and top 10 altcoins. There are several key points to note.

‘First of all, the sellers’ provocations, which are being undertaken to gain additional liquidity. For this reason, BTC may soon update its local minimum around the $27,000 mark,’ the expert notes.

In addition, there are provocations and attempts to…


For most tools, there is the formation of an additional intermediate small accumulation at the lower flat border. In the medium term, we should expect a BTC recovery to $54 000–55 000. Asset flow from the resistance to support will be the trigger for future growth, 8848 Invest’s analyst Mark Sorokin says.

Over the past month and a half, the market situation hasn’t changed significantly. …


All key tools keep their flat trend. Most likely, the key tools will update the lows, for BTC, the breaking point is around $28,000, 8848 Invest’s analyst Mark Sorokin says.

Over the past week, the situation in the digital asset market hasn’t changed significantly. Key market tools, including BTC, ETH, LTC, and XRP, are showing a flat movement.

‘It’s worth noting last week there was an attempt to provoke buyers, an attempt to go up, but it wasn’t actually successful,’ the expert notes.

The market updated the nearest highs and accumulated a new position, so we saw the current volume…


All key digital asset market tools continue to accumulate volumes in their current areas. The movement towards the $56,000 mark which was the last resistance level keeps to be the benchmark for BTC, and we should expect the market to recover soon, 8848 Invest’s analyst Mark Sorokin says.

Last week, the situation in the digital asset market hasn’t changed dramatically. All key market tools continue to accumulate volumes in their current areas, where they appeared after the last major drop.

‘Well, it’s still quite difficult to say exactly about the direction of the quit out the flat. Everything will depend…


While the market as a whole continued to distribute volumes last week, the benchmark market’s and key trading tools’ decline slowed significantly. Although the current situation can’t be described as a critical one, the market recovery may be delayed for several months, 8848 Invest’s analyst Mark Sorokin believes.

The volume distribution for most of the trading tools continued last week. Therefore, the key digital assets continued their decline beyond the previous support range.

’It was expected generally. There were local pullbacks, which were joined by a large number of market participants. …

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