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.

Altcoins

‘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.

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

If you Googled “Fungible,” Read this Article.

Muon Monthly Community Recap

GIFA Token Resumes Crypto Trading Service Today

Top Four Underestimated Metaverse Crypto Projects

The Top 5 Cryptocurrencies For February 2022

Cashaa’s CMC wallet — all you need to know from our first AMA session!

Introducing SkaSwap Finance — Multi-product DEX on the IoTeX Blockchain

yPLT Airdrop — Top 300 Wallet

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
Mine Corporation

Mine Corporation

More from Medium

The power of 111PG: 5 Examples

Starting to feel like a real video game!

How Much Success Gap You Are Bound To Experience

The Blind Side