- Crypto investors are bullish on BTC according to a recent poll.
- 62.6% of the voters voted that BTC’s current situation is a buy opportunity.
- BTC’s price has flipped the $19,600 resistance into support.
A Twitter (NYSE:TWTR) poll created on the social media platform by the crypto user @100trillionUSD on the second of October closed today and the results show that investors are seeing a buy opportunity for Bitcoin (BTC).
The caption for the poll was “#bitcoin below 200-week moving average ($23K) and realized price ($21K). Structural break of a 10y+ trend, or temporary macro-driven buying opportunity?”
16,671 Twitter members had cast their votes. Of these votes, 62.6% voted that the current situation with BTC is a buy opportunity. The remaining 34.7% voted that the current situation is a structural break of BTC’s multi-year trend that spanned more than 10 years.
The crypto market tracking website, CoinMarketCap, shows that the market leader is trading around $19,910.67 at the time of writing. This comes after a 3.52% increase in BTC’s price. What’s interesting is that the last hour has seen the crypto’s price climb by around 1.17%.
BTC/USDT daily chart (Source: CoinMarketCap)
Bulls have stepped in to continue BTC’s daily upwards move that has seen it flip the resistance at $19,600 into support. Now that this crucial resistance level has been flipped successfully, the next target is $20,100.
The price of BTC is now positioned above the 9 EMA line and has cleared the necessary obstacles to complete a move towards the $20,100 level. The MACD indicator is in favor of bulls at the moment as the MACD line crossed bullishly above the MACD signal line a week earlier. The MACD line is now sloped positively and is breaking away above the MACD signal line.
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