@BOMBERuss 28 August 2021 more from that month

Bitcoin has every chance to reduce the negative consequences of this week's bearish mood, if the rate of the first cryptocurrency closes with a weekly candle above$49,300. The PTS now shows the narrowest trading range, moving between 48,700 and 49,100 for several hours in a row. The capitalization of the first cryptocurrency is $ 919,672,233,186, the dominance index is 44.19 %. Most of the predictions about the impact of the American FUD did not come true. The head of the Fed, Jerome Powell, had to let slip about the negative of cryptocurrencies, and the market, as always, worked out this scenario. This really happened, only in the opposite direction: after the speech of the representative of the largest financial system in the world, Bitcoin added 1,500 exchange rates in an hour, since there was no negative scenario. The main task of the first cryptocurrency for the next day is to close the weekly candle above $ 49,300, compensating for the passage to the minimum mark of the last days at $ 46,250. Also, Bitcoin is simply obliged to test the psychological barrier of $ 50,000. An exit above 50,000 automatically confirms the belief in a bull market and moves the rate to a new rank of the trading range. This is signaled by the fact that this week the bulls confirmed their bullish mood and defended themselves at 46,000, and the fact that a small adjustment unloaded the market through a series of short liquidations, and the increased volume of transactions in the Bitcoin network — up to $ 7,966 billion. #CryptoTrading