Analysis Company Says, “Our Previous Prediction About Bitcoin Was Correct,” Shares Current View

Cryptocurrency analysis company MakroVision focused on Bitcoin’s possible reaction movement within the downtrend in its technical analysis published on March 19. Despite the negative market sentiment, the company maintained its bullish position and pointed to above $96,000 as the target area. According to the analysis company, recent developments have shown that this analysis was accurate. According to MakroVision, Bitcoin reached the target area predicted in the analysis after a five-wave bearish structure. A rapid reversal occurred in this area, confirming a possible bottom formation. Related News: Analysis Firm Reveals: “Institutional Interest in Three Altcoins Is Growing” – Cites ETF Applications as Evidence After breaking the orange resistance area around $88,000, Bitcoin continued its upward movement with momentum. It is currently stated that the price is heading towards $98,700. MakroVision emphasized that Bitcoin made a “strong” technical countermove, and stated that the structure remains valid in the short term. It was stated that as long as the price remains above the $88,000 level, the current bullish structure will not be disrupted, and the next critical resistance level is around $98,700. *This is not investment advice. Continue Reading: Analysis Company Says, “Our Previous Prediction About Bitcoin Was Correct,” Shares Current View

Source: BitcoinSistemi