
The bitcoin price rose 12% over the previous three days and is presently trading around $48,380. The resistance levels at $48,895 and $50,000 are the main hurdles in bulls’ path.
Hence, the bulls want sufficient momentum to flip these barriers into support platforms for a flat recovery to September 6 levels.
This change will push BTC into the Fair Value Gap (FVG) and advise that the purchasers might be competing for a retest of this range’s upper limit at $56,361. If this growth is complete, it will signify a 16% ascent from the present position.
Read More News On
Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News
Download The BOL News App to get the Daily News Update & Follow us on Google News.