Crypto Markets Are Recovering And Turning Green. HIVE Signals That It Will Continue To Rise Higher.

Crypto markets have started to recover after a sharp decline and many cryptocurrencies are back in the green today. Cryptocurrency markets continued their growth that started yesterday and some cryptocurrencies started to regain what they lost in a week. It looks like the discounted sales that started in November are ending.

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Many cryptocurrencies are back in the green zone today, especially all of the top 10 cryptocurrencies by market cap are in the green zone today. Some cryptocurrencies, especially Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), have regained their losses in the last week. When we look at it on a weekly basis, BNB made the most successful rise according to the top 10 cryptocurrencies according to market cap.

BTC/USDT

Bitcoin is up 6.4% today and is up 0.27% on a weekly basis. It is currently trading at $57,757, signaling that it could continue higher. There is resistance at $58,000 but I think this resistance is not very strong so it may exceed it. But the sales volume around $ 58,500 is quite high, if Bitcoin clears the sales here, it can move towards $ 60,000. If it fails to clear sell requests around $58,500, it could drop back below $58,000. But according to the current data, it signals that it can move higher.

HIVE/USDT

At a time when many cryptocurrencies were on the decline, HIVE managed to break the all-time record by multiplying its price. HIVE is currently trading at $2.73, signaling a move higher. It seems determined to continue its successful upward trend. The selling volume at $2.75 is quite high and there is solid resistance there. HIVE seems to need to test around $2.75 a few times before it can break $2.75. If it can surpass $2.75 and stay above it, it could move towards $3. There is also support at $2.5 and $2.3.

I expected HIVE to rise, but I did not expect it to rise that much in such a short time. It also signals that it may move higher towards the end of this year. HIVE could set a new record for over $4 before this year ends.

I think many cryptocurrencies, especially Bitcoin (BTC), offered investors the opportunity to invest at a discounted price in November. Discount sales may be over today, perhaps even current prices may be discounted prices.

Disclaimer
This is not financial advice. Everything written is just my personal opinion. You should also do good research before investing and before using the platforms. Investing, lending, borrowing in Bitcoin and other cryptos are risky investments.

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