Trader: Bitcoin Will Recover to $22,000
Vadim Shovkun, a practicing trader and founder of the Crypto Shaman project, has shared his opinion on the dynamics of the crypto market.
According to him, Bitcoin continues to move in a narrow flat. The range of $21,800-$22,200 still serves as resistance, while the support level is $18,700. The main accumulation of volume is on top, in the area of $21,100.
He has said that there are a lot of liquidations that are likely to be “lifted” soon in the $21,800-$22,000 range.
The recent downward correction by 6% may be associated with a fall in S&P 500 quotes. If in the near future the “American economy barometer” maintains the level of $3,740, this will be a positive signal for the first cryptocurrency.
For Bitcoin, one can also state a breakdown of the downward trend line, turning into a flat with an impulse rebound.
