Technical analysis of Bitcoin. D1 21.09.2024

9月21日

Technical analysis of Bitcoin

On bitcoin, I have said many times on webinars that when the Fed rate is cut, the priority will be up for an overhigh. Now on the daily chart, the price has made a segment overlap upwards and formed a buyers zone. The correction may go to 57k-60k and then up to test highs near 70k. I do not expect a major fall on the background of the rate cut.

10月3日

トレード稼働中

Bictoin in the buying zone

In the previous analysis I showed you that I expect a correction in bitcoin and the whole crypto sector and then a continuation of growth. Now the price has corrected to the zone of buyers 57500-60300 and in this area I expect new buys with the aim to test the local highs of 70k. The 60k level itself is already psychological, and the presence of the technical zone increases the probability of a rebound.
I don't trade crypto, but for the sake of experiment I decided to buy from 60k with the target of 70k. Let's see how it goes