CoinDesk Markets analyst expects Bitcoin growth in the future

The first cryptocurrency withstood the pressure of sellers during yesterday’s session and is trading in a narrow range of $ 5187- $ 5287 – above the April 4 low, which speaks in favor of the growth scenario, analyst at CoinDesk Markets Sebastian Sinclar said.

On the hourly chart, customers have been able to stay above the support level of $ 5,200 within 24 hours. Thus, the first cryptocurrency can continue to grow in the ascending triangle, the goal of which is a mark of $ 5885. To confirm this movement, Bitcoin needs to overcome $ 5350.

CoinDesk Markets Information

Note that on the hourly timeframe, the RSI indicator indicates a bullish divergence, which also indicates a possible increase.

On the daily chart, the price is held above the 100-day and 200-day MA, which are starting to approach each other. In the case of their intersection, it will be possible to talk about the likelihood of strong growth.


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