The Bitcoin course seems to be successful to break the downward trend of the past two weeks. If the price retains the current level of $ 111,000, then that is a very strong signal for the digital currency.
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Positive signal for Bitcoin
For the first time since August 13, Bitcoin has succeeded in closing outside the downward trend. Based on that, investors can hope that Bitcoin has reached the end of his downward trend.
However, this is only the beginning, because the all-time high of 124,000 dollars is still quite far out of sight. For this, the Bitcoin course has to climb a sturdy $ 13,000 from here.
For now, the sentiment is at least slightly more positive. And that is also allowed, because the macro-economic overall picture for Bitcoin remains positive.
The American economy still looks solid, while inflation increases and the central bank will probably implement several interest rates.
In theory, this creates a very favorable investment climate for the Bitcoin course.
Bitcoin has to climb beyond $ 112,000
Many analysts state that Bitcoin is not there yet, and that the limit of $ 112,000 must first be defeated. If Bitcoin can turn it into a support point, then they would be a very good signal.
Between $ 112,000 and $ 114,000 there is also an interesting area for Bitcoin. Many shorts could be liquidated there, so that the course can get a new boost.
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Source: https://newsbit.nl/bitcoin-koers-doorbreekt-neerwaartse-trend-focus-op-112-000/
