Foreign media: Despite the controversy over Tether, digital analysts are still bullish on BTC

According to NewsBTC, despite recent controversy surrounding Tether, market investors do not seem to think this will have a substantial impact on the encryption market. Cryptney currency analyst The Crypto Monk said that BTC's technical side is still showing bullishness, and his chart does show that BTC is now above $4,800, which is a key level supporting the 200-day moving average. Another analyst, Murad Mahmudov, believes that BTC has a 75% chance of reaching the bottom, and Bitfinex's long and short position ratio and RSI point him to believe that Bitcoin will rise further. Although Mahmudov did not specify a specific forecast price level, an arrow in the analysis chart points to $6,300, which is the main resistance that Bitcoin is expected to encounter.