Bitcoin (BTC) / Daily Insight for next 6 Month / 28-10-23
Bitcoin (BTC)
*In this analysis I used the Binance Perpetual Future Chart
In Forecast data at the 1 hour TF closing at 10.00 WIB Price BTC closed in a Strong Bullish condition.
I assume BTC still has the potential to retest the $42,000 range with an increase of around 20-23%. This reflects the positive sentiment in the media and also fear and greed market data, where currently BTC is at level 71 (Greed). In terms of indicators and also BTC dex price data there has been a very significant increase in the last 7 days.
For spot holders, I think this is the right time to start considering starting accumulation marking, but make sure to be careful by paying attention to previous price history.
And for personal opinion, look at the data displayed on the chart. There is still a big possibility for BTC price to move higher to retest the major resistance area before the halving.
Important points to monitor:
pivot point : $34,449
Support Levels:
$33,801
$33,139
$32,491 (Strong support)
Resistance Levels:
$35,112
$35,759
$36,422
*In this analysis I used the Binance Perpetual Future Chart
In Forecast data at the 1 hour TF closing at 10.00 WIB Price BTC closed in a Strong Bullish condition.
I assume BTC still has the potential to retest the $42,000 range with an increase of around 20-23%. This reflects the positive sentiment in the media and also fear and greed market data, where currently BTC is at level 71 (Greed). In terms of indicators and also BTC dex price data there has been a very significant increase in the last 7 days.
For spot holders, I think this is the right time to start considering starting accumulation marking, but make sure to be careful by paying attention to previous price history.
And for personal opinion, look at the data displayed on the chart. There is still a big possibility for BTC price to move higher to retest the major resistance area before the halving.
Important points to monitor:
pivot point : $34,449
Support Levels:
$33,801
$33,139
$32,491 (Strong support)
Resistance Levels:
$35,112
$35,759
$36,422
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