BTCUSD IDEA
#BTC continues to make an onslaught on the key level - 28478 (29677).
This area separates us from the active strengthening of the price
to the next important milestone - 32847
On October 16, amid false positive news with ETF approval,
the flagship cryptocurrency is testing the 30000 zone.
After the false positive was determined, the market sold off some volume,
but the session was on the upside. At the moment, the crypto is still
experiencing a lull. There is plenty of time before BTC halving, there
are few fundamental nuances at the moment, changes are still low,
and medium and long term holders continue to hold the coin.
On the chart, I have marked several important levels and a key range.
In the long term, I expect a retest of flat resistance (31411) but only
after a break of 28474, which may happen after another retest.
The level of 31400 separates us from the growth to 34000-40000.
In principle, the area of 30000 is very actively restraining the price,
but against the background of the global bullish trend, the price continues
to test the area for a breakout.
Key resistance:32847
Key support: 28478
In the long term I expect a small pullback followed by a retest of 28474,
in the phase of which the price may finally break this level and mark us
further growth towards 32847
#BTCUSD breaks resistance at 29677and rushes up.
The 31411 area may be tested soon. But whether this
resistance will be broken in the future, only the price reaction to the level will show .
This area separates us from the active strengthening of the price
to the next important milestone - 32847
On October 16, amid false positive news with ETF approval,
the flagship cryptocurrency is testing the 30000 zone.
After the false positive was determined, the market sold off some volume,
but the session was on the upside. At the moment, the crypto is still
experiencing a lull. There is plenty of time before BTC halving, there
are few fundamental nuances at the moment, changes are still low,
and medium and long term holders continue to hold the coin.
On the chart, I have marked several important levels and a key range.
In the long term, I expect a retest of flat resistance (31411) but only
after a break of 28474, which may happen after another retest.
The level of 31400 separates us from the growth to 34000-40000.
In principle, the area of 30000 is very actively restraining the price,
but against the background of the global bullish trend, the price continues
to test the area for a breakout.
Key resistance:32847
Key support: 28478
In the long term I expect a small pullback followed by a retest of 28474,
in the phase of which the price may finally break this level and mark us
further growth towards 32847
#BTCUSD breaks resistance at 29677and rushes up.
The 31411 area may be tested soon. But whether this
resistance will be broken in the future, only the price reaction to the level will show .
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.