Tickmill Blog | Bitcoin bulls powerfully drove quotes, breaking through the defenses of the bears

Good afternoon!

Bitcoin bulls still broke through the resistance level of 31000 and actively reached the horizontal34220, from which they can take some respiteand give the bears the opportunity to push quotes to the broken level of 31000. The basic scenario at the moment is a continuation of the northern direction with the possibility of a correction to the horizontal level of 31000 and subsequent growth:

The British pound sterling rebounded fromdescending channel and aimed at support 1.1800. It is worth noting that price support may be “seen” again and push quotes up, setting a new upward trend. Of course, given the more counter-trend nature of the rebound, it is worth looking at the price behavior at the level and the formation of candlestick signals:

S&P500 index tests key support4195 and the line of the descending channel, which in the future may become a flag. At the moment, it is worth observing the price behavior at the level in order to navigate the future direction of quotes. Base scenario – index growth:

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Oleg Svirgun, analyst at the brokerage company Tickmill