CryptoComes

Bitcoin: $5,750 till the end of May, can we do it?

COINBASE:BTCUSD   Bitcoin
Despite the fact that Bitcoin enthusiasts are feeling positive about the future perspectives of the leading cryptocurrency, its rate keeps declining. This is also confirmed by the increasing of short positions which already prevail longs on Bitfinex.
Getting down to the 4-hour chart, one can notice that from July 2018 we are still dominated by bears. However, if the formation of the Curve pattern happens, the price could reach the $5,750 mark which serves a breakout point. In the short-term analysis, buyers are still dominating the market from
April, 2.

As a whole, if the rate does not fall below $5,000, BTC the possible scenario of reaching levels above $5,750 till the end of May is quite possible.


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