Optimism has returned to the cryptocurrency market as the price of () has once again approached $ 50,000, and with it, analysts once again identify an opportunity for the main cryptocurrency on the market to break its highest historical value by above USD 64,000.
One such analyst is Akash Girimath of FXStreet, who notes that Bitcoin’s price is currently holding above the support floor of $ 46,833, indicating that the crypto asset appears to be consolidating between two crucial barriers, $ 50,000 and $ 44,705.
- This is how traders knew that LUNA and RAY were on the verge of a bullish breakout
In this way, according to him, a decisive daily close above $ 50,000 would bring more confidence among investors and start an uptrend that will recover the losses caused after the crash of September 7 and lead BTC to explore the Fair Value Gap (FVG) ranging from USD 51,483 to USD 56,361.
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