The cryptocurrency is on the verge of surpassing the record highs recorded last April around 65,500 dollars.
A daily close above $65,520 would leave the cryptocurrency in an absolute free rise phase, a scenario prone to develop a large structural leg whose maximum bullish projection (upside breakout of the 65,500-29,300 sideways range) could take it to the vicinity of the important psychological level of $100,000. Any correction that does not involve the loss of $45,300 should be considered as a healthy oscillator regulation in search of new highs.
Pro1 PREMIUM Portfolio
Supports: $57.000, $45.300, $40.200.
Targets: (Bullish) $65.500, $72.000, $80.000.
Trend structure in SANTANDER:
- Short term: Bullish.
- Medium term: Bullish.
- Long term: Bullish.