BTCUSD: forecast for Oct 4 - Oct 10
The Bitcoin cryptocurrency, having broken through the resistance line of the downtrend channel, completes the trading week near the 48.000 area. Meanwhile, the resistance area became the support area (~ 43.956.20 - 46.902.30).
The Bitcoin coin rate for the coming week suggests an attempt to develop a correction to the area of 43.956.20 - 46.902.30. Where, most likely, we should expect a rebound and continued growth of the cryptocurrency with a potential target near the levels of 50,000 and even 53,000. A test of the support area will be in favor of the rise. Cancellation of the upside option would be a fall and a breakdown of the buy area (~ 43.956.20 - 46.902.30).
The Bitcoin coin rate for the coming week suggests an attempt to develop a correction to the area of 43.956.20 - 46.902.30. Where, most likely, we should expect a rebound and continued growth of the cryptocurrency with a potential target near the levels of 50,000 and even 53,000. A test of the support area will be in favor of the rise. Cancellation of the upside option would be a fall and a breakdown of the buy area (~ 43.956.20 - 46.902.30).
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