The new BTC mid-term target will be $60,000

‘At the same time, at the weekend the sharp rollback has occurred, which can be considered as an attempt of draining buyers’ stop-losses. The market stopped at the support level. It was an attempt of gaining liquidity from the support range, and soon the market will continue to grow,’ the expert notes.

‘At the same time, the possibility of a deeper correction scenario shouldn’t be excluded. The largest digital currency’s rate may fall to $30,000, the main trend source within the large accumulation, out of which this growth impulse began. BTC may approach this range and gain volumes out of it, but for now, it’s worth focusing on the current intermediate accumulation,’ Mark Sorokin notes.

Altcoins

‘Most likely there is no more open interest in the current range. Now the tool will gain volumes, possibly through provocations, or will freeze in the flat. The flat movement will be short-term, and further growth should be expected,’ the expert notes.

‘Continued growth of LTC should be expected, as the tool hit another support after overcoming resistance. Now the coin will try to gain additional volumes out of it and continue to grow,’ the expert summarizes.

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