Bitcoin is not yet able to find the strength for new growth and continues to stay just above $ 4,000. Apparently, market participants are confused. It is obvious that the central banks have begun to attack the crypto-currencies with their own regulatory norms and rules. But it is not yet clear how large these transformations will be. And it is important to understand how fast they will be. So far, there have been no answers to these questions and the market is trying to understand what will happen next. In such conditions, it is difficult to grow, which led to the stabilization of Bitcoin. So in the near future, we will observe the consolidation of Bitcoin at the achieved levels. If the largest central banks continue to remain silent, Bitcoin will once again go up.
Technical picture
Last week, Bitcoin did not manage to fix itself above 4650 level, already by the end of Friday afternoon, we saw intensive short positions that brought us back to the psychological level of 4000. Now we see how the price feels support in the current level (4000), slowing down the movement. Probably assume that at the current time, we will move within the specified limits: 4000 - the lower limit; 4420 - periodic level; 4650 is the upper limit.
If the growth forecasts deteriorate, the lower limit shifts to 3600, but the bull potential is still high and the value of 5000 is not far off.
