fbpx
Image default
Bitcoin

Is It Time For $6000 or We Have To Wait?

It is clear that the market finds or has found its bottom. We may even be in the early stages of the next bullish wave that would push Bitcoin to $ 100k or more. At least, this is said by more and more analysis.

Most analyses have bullish sentiments, and although some claim that bears have not lost control yet, the arrangement of candles and technical indicators assure us that BTC bulls are on the move. The next goal, which seems easy to reach, is $ 6,000.

Bulls are stable and gradually move to ideal goals of $ 5,800 – $ 6,000. As mentioned earlier, BTC / USD is traded within an upward breakthrough model.

Moreover, as the bulls are strong over $ 4,500, and more importantly, they are strong above the psychological level of $ 5,000, the monthly top of the largest crypto moves above the critical line of resistance seen on the weekly chart. Given that we do not see a correction that would bring the price back to about $ 4,500, it is likely that there will be an influx of buyers of $ 5,200 to hit Bitcoin for over $ 6,000.

You better check