Is the bitcoin industry prepared to continue its upward trend?
The new month has started with a cryptocurrency market rebound, with all of the top ten cryptocurrencies trading in the green.
BTC/USD
Yesterday, the price of Bitcoin (BTC) rebounded to the two-hour EMA55 in the first half of the day, and in the evening, buyers managed to restore the pair to the high zone of last week.
Tonight, the slide came to an end, and the BTC price remained in a narrow sideways range until the morning. The bulls are still unable to breach over the $38,900 resistance level.
A return to the area of average pricing is now feasible. If the EMA55 moving average prevents the pullback, a break to the psychological threshold of $40,000 is possible.
At the time of writing, Bitcoin was trading at $38,685.
BNB/USD
Binance Coin (BNB) has risen 3.63 percent in response to the market’s recovery.
Binance Coin (BNB) is steadily reaching the $405.60 mark on the daily chart. If the purchasing trade volume grows and the bulls manage to overcome the barrier, there is a potential that the price will continue to rise to the zone of maximum liquidity, which is approximately $500.
