The Bitcoin bulls (BTC) managed to regain control in the trading session on Sunday. At the time of writing this article, the leading cryptocurrency is trading at $ 9,750 - $ 800 more than the local Saturday level of $ 8,900. Which in itself represents a 10% change.
This last stage is quickly reassuring analysts that an increase in the local top of $ 10,500 is possible.
Bitcoin Holds Key Level, Ready to have more
The Byzantine general trader recently pointed out that the bitcoin table is taking shape faster than yesterday. After strengthening the $ 9,300 zone on Saturday, the analyst said that, like the Ichimoku Cloud Kijun line. He believes "the chart is as accurate as possible."
As such, it expects a price of at least $ 10,600 for BTC in the next few days. Which is 10% higher than the current price.
Not off the table
There is a confluence of technical factors that support the idea that Bitcoin will continue to increase over the next week.
As reported by NewsBTC on Saturday, the cryptocurrency recently noted that Bitcoin is still clearly shown in higher terms. He recently published the chart below. Which shows that the current Bitcoin Haikin-Asi candle of a week has two long wicks on each side and a thin green body. For those who do not master the technical analysis, it means "a reversal of the potential trend."
They are not everything. The same analyst later pointed out that Fisher's weekly transformation indicator. This stands out when prices have peaked to test buying and selling opportunities, recently printed a fast crossover at the -2.5 level. Cryptocurrency points out that "this signal is rarely incorrect" and therefore implies the resumption of the long-term upward trend in the value of bitcoin.
And to put the icing on the cryptocurrency pie, the Cryptocurrency trader noted that the fact that Bitcoin maintained its 100-week moving average is a possible sign that the recent move is a "break that could be triggered by a long-term bull market. Should do ".
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