BTC is approaching its historic high

‘The situation with alternative coins developed similarly. Since after such sharp drops, the open interest of market participants is lost, a lot of stop-losses are triggered, now I expect the formation of a new accumulation,’ the expert notes.

‘It would be great to see an update of the BTC’s historical maximum at a level above $65,000. I expect there won’t be a lot of stop-losses significantly affecting the current balance, and after reaching this range, the coin will continue its organic growth to new highs in the area of $70,000–75,000,’ Mark Sorokin says.

‘The evening session is more important for us, so we are waiting for technical data updates after 5 pm,’ the expert notes.

Altcoins

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store