Analyst and Trader Kevin Svenson, Bitcoin $84,417.86despite the withdrawal from the record levels at the beginning of the year, he continues to expect ascension. Svenson, technical indicators give strong support signals, stating that prices will watch for a while. Expert name, short -term decreases in the market, but the long -term new records may come up stressed. Bitcoin is trading at $ 83,586 at the time of writing.
Technical indicators point to the rise
Kevin Svenson announced that in his assessment of the Youtube channel, RSI (Relative Power Index) and MACD (moving average convergence Iraqs) indicators give positive signals for Bitcoin. RSI is used to determine whether the asset has reached excessive purchase or excessive sale levels. MACD is effective in analyzing the direction of the price trend and the power of momentum. According to Svenson, the combination of these two indicators gives a positive appearance for investors.
Svenson, especially the weekly Macd’nin bears lost the momentum, he said. Weekly RSI data indicate that support continues. In this context, Svenson foresees a period in which prices will watch horizontally. In this process, higher peaks or lower bottoms can be observed. However, the general appearance is in a structure that can open the door to new records after the horizontal course.
Recovering after a wavy course is expected
Analyst also warned that short -term decreases in the market may occur. Svenson describes these possible decreases as “cleaning sessions .. Stating that Bitcoin could make another small correction before entering the recovery process, Analyst said that this fluctuation could lead to re -testing of $ 70,000. Following these levels, he stated that an increase towards $ 90,000 was possible.
Svenson emphasized that Bitcoin exhibits volatil movements due to its nature, and added that investors should be careful. According to technical analysis, the current supports are strong in this process, instead of panic, careful and data -oriented moves should come to the fore. For crypto currency investors, such temporary decreases can create opportunities for long -term strategies. However, investors should approach the market cautiously by following technical data closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
