The United States attacked and captured President Maduro of Venezuela. This news is now overwhelming, and many people believe that geopolitical impacts will lead to a decline in virtual assets. However, the reality is different; it still depends on the market.
Previously, Bitcoin's price had been oscillating around a range. Unexpectedly, on Sunday, it broke through the range. Currently, the price is stabilizing above 91,000, and the Bollinger bands are moving upward. The previous resistance point around 90,000 has started to turn into a support level, including on the daily chart, with the candlestick stabilizing above the upper band. Therefore, this upward move is likely to test the high of 94,588. So, a pullback within the day can be considered a buying opportunity.
It is advisable to look for a bullish trend around the bottom range of 90,000-90,300, with a target of 92,500. If broken, the next target is around 94,500.
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The United States attacked and captured President Maduro of Venezuela. This news is now overwhelming, and many people believe that geopolitical impacts will lead to a decline in virtual assets. However, the reality is different; it still depends on the market.
Previously, Bitcoin's price had been oscillating around a range. Unexpectedly, on Sunday, it broke through the range. Currently, the price is stabilizing above 91,000, and the Bollinger bands are moving upward. The previous resistance point around 90,000 has started to turn into a support level, including on the daily chart, with the candlestick stabilizing above the upper band. Therefore, this upward move is likely to test the high of 94,588. So, a pullback within the day can be considered a buying opportunity.
It is advisable to look for a bullish trend around the bottom range of 90,000-90,300, with a target of 92,500. If broken, the next target is around 94,500.