The market decline scenario is unlikely

‘The BTC resistance is the area of $60,000, the ETH — is the area of $4,000 were evidence of the fact the market began to redistribute money from resistance to the current support. This was the reason for the formation of such large flats after the fall,’ the expert notes.

‘However, it’s a bit early to say the market will immediately begin to grow to $60,000 and above, since the coin needs to gain a foothold higher and continue its upward dynamics,’ Mark Sorokin emphasizes.

Altcoins

‘ETH has broken the $3,000 mark, which indicates the coin is ready to go further. If ETH will continue the growth we should expect an update of the previous resistance above $4,000–4,500’, — the expert notes.

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