Bitcoin (BTC) looked on Thursday as a Fund Manager called it “a great opportunity to buy” to reassess previous ATH.
The 3.3 percent daily BTC/USD comedowns Cointelegraph Markets Pro and TradingView aimed at new levels of support on Thursday.
Bitcoin outlook “wildly bullish”
Bitcoin began consolidating itself in a new range as the buzz around the successful Nasdaq listing of Coins started cooling on Monday to almost $60,000.
The largest cryptocurrency traded about $62,600 at the time of writing about $700 higher than March’s $61,700 record.
This sector should now set the stage for a resistance-support flip, which, if successful, will allow BTC/USD to continue to increase. Vailshire Capital Management CEO Jeff Ross believes that
“Good test of previous wedge ceiling for consolidation. View of the macro: Fantastically sumptuous. On the analysis of the chain: wildly bullish,” he wrote on Twitter.
“Opinion: Price should close above old ‘ceiling’ of ~$61,250, then surge higher. Great opportunity to buy before next leg higher.”
Even among ardent sellers a look at exchange order books seemed to confirm appetite to allow Bitcoin to increase further in a couple of thousand dollars in short terms.
In Binance, sales order was listed at $65 000 for the first time, with $70,000 and $72,000 of more significant bands of resistance.
The analysts have long focussed on those high levels and have even been described as “destiny” in the short run.
Other on-line metrics showed continued investor engagement throughout the company, with a total Bitcoin wallet address number that first exceeds 9 million BTCs or 0.01 BTCs.