BTC has finally quit out of the flat

The key market tools have finally quit out of their flats and the trading-out will show the further market situation development, 8848 Invest’s analyst Mark Sorokin insists.

Last week, the key market tools have finally quit out of their flats, where they have been hang for the last few months, so the market immediately reached resistance levels on volumes hold.

‘Accordingly, in this particular range key coins are forming their new intermediate accumulations now. Therefore, probably, now we should expect local pullbacks and provocations of participants, followed by a growth resumption and the achievement of the next resistance,’ the expert notes.

The market broke the support and began gaining trading volumes

Fundamental

Chinese issue, apparently, was rather a manipulation that influenced many market participants who were afraid of a complete ban on mining and operations with digital currencies.

‘It caused a huge negative wave within the industry, but major market participants used this opportunity to expand their cryptocurrency portfolios,’ Mark Sorokin says.

$60,000 level is the BTC benchmark still