BitCoin has created a support zone at just above $ 29,000. We have a chance to bounce back, but I wrote about it a few days ago. We cannot expect only increases. The cryptocurrency market is slowly beginning to attract an increasing group of investors, thanks to which it becomes more “civilized”. Price jumps are corrected by longer corrections. They form a pattern on the charts. You can see the accumulation of orders.
The image shows the support zone and trend lines that I have presented before. We are waiting for the purchase volume and the exit from the formation so that further increases can be assumed. The currently revived purchase volume based on support is a good signal to watch the value more closely.