Hello traders,
According to yesterday's analysis, Bitcoin was able to break the downtrend. (Red arrow and point "A")
At a time when many believed that the price of bitcoin would go down to $ 38,000.
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Main Scenario:
If Bitcoin can cross the $ 48,700 range (red range), our desire to reach the $ 52,000 price will be met.
But this will not happen easily. We will have price corrections. (Yellow arrow)
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The second scenario is a fall in prices. We have good resistance in the range of $ 45,000 and $ 41,500. Which will help to raise the price of bitcoin again.
October will be a lucrative month. Especially late in the month,
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It will be great when you support me with a like, follow and comment for more upcoming market analysis.
Good luck everyone,
Alchemist