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BTC analysis – price exceeds $ 43,000 after 3 weeks, will the trend continue?

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BTC continues its upward trend and reaches $ 43,000 again after 3 weeks. In the short term, the price reaches rising lows and highs. All we have to wait for is a growing long-term maximum. Current growing trend within the triangle, however, it is different from the previous ones.

Price goes to $ 46,000 resistance and everyone’s eyes will focus on whether the price manages to exceed this level. If so, we will monitor bullish target $ 50,000 to $ 52,000. However, we are still in a sideway movement that has been going on for over 2 and a half months. As an accumulation zone, it is a sufficient structure, the only thing that is missing are volumes.

Bitcoin and a $ 51,000 bull targetBTC and a $ 51,000 bull target. Source: TradingView

BTC remains bullish

The current growing trend, although only short – lived, is different. The two previous growths were rather pump and dump, while the latter is still stable. To claim that we will break through the above resistance, however, it is too early. In addition, the continuation of this triangle structure may take another month for the pattern to close.

In the long run BTC is still reaching rising lows and highs and we remain bullish. In the short term, final correction leg after closing the triangle, but one way or another we stay bullish. If the price falls, we buy for $ 34,000, but mainly for $ 30,000 and below.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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