BTC storms the $40,000 level

‘The movement occurs within this range. So far, we can state the fact of the quit out the current local accumulation, which was formed at the lower limit of these large accumulations,’ the expert notes.

‘That is, the same amount of money was accumulated both at the bottom and at the top of the flat. Therefore, we can assume there was a money flow from top to bottom. Accordingly, now we can naturally expect the price to recover to the resistance around $56,000,’ Mark Sorokin says.


‘We need to take into account the market was going to hold the sellers’ volume, and it isn’t the most positive sign for future growth. The volumes retention at any market indicates it will probably be followed by the same fall,’ the expert believes.

‘The market is falling for most of the participants. It gives some additional ‘fuel’ for the current movement. Nevertheless, the continuation of the upward dynamics and further market growth is still more likely,’ Mark Sorokin summarises.




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