Bitcoin climbed to $ 37,000 and pulled the entire crypto market up

The bitcoin yen pulled away from the main support of the week at $ 31,000, which allowed more buyers to enter the market, supporting the growth to the $ 40,000 level. cryptocurrency market.
Polkadot has become one of the most successful cryptoassets, with a double-digit profit of 15%. Kusama climbed 25.5% to $ 516, while Monero gained 14% to climb to $ 277 over the same period.

Bitcoin climbed to $ 37,000 and pulled the entire crypto market up

Recently, the Moving Average Convergence Divergence (MACD) indicator took a bullish course, confirming a recovery from $ 31,000 to $ 37,000. When the MACD line crossed above the signal line, the call to buy was clear. Note that a breakout into the positive area (above the zero line) may encourage more investors to join the market, thereby strengthening the bullish trend.
The SuperTrend indicator has also turned bullish, giving a buy signal and hinting at an impressive reversal after a dive at the start of the week. Now the indicator has changed color from red to green.
It is worth noting that SuperTrend follows the trend of the asset, taking into account the market volatility. A buy signal implies that the overall direction will be upward, therefore, investors should consider going long.
The Relative Strength Index (RSI) shows that the bullish run from support has dried up. A retreat to the midline will indicate that the bears are gaining strength. Support at 100 SMA and 50 SMA must be protected to prevent another downturn to $ 33,000 and $ 31,000, respectively.

Daily Bitcoin levels

    Spot Rate: $ 37 198
    Trend: bullish
    Volatility: expansion
    Resistance: $ 40,000
    Support: $ 36,000 and $ 33,000.
FX24

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