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 stop out buyers. Only after this process will be completed successfully, and the necessary local volumes will be reached, we can expect the market growth resumption.
‘For BTC, the target level is $55,000. For ETH, growth to $3,700 is expected, for LTC — it’s grow up to $320,’ the expert summarizes.