In the current analysis, we look at the king of cryptocurrencies Bitcoin.
On Chart 1D, we can see that it has been moving in accumulation since mid-June.
On September 21, the double bottom was compacted.
In the last few days, you can see that bitcoin is about to break.
The most appropriate level will be 0.382 of the last downward impulse, it will be around 30,000 dollars for one bitcoin, which we are able to see over the next months
On Chart 1D, we can see that it has been moving in accumulation since mid-June.
On September 21, the double bottom was compacted.
In the last few days, you can see that bitcoin is about to break.
The most appropriate level will be 0.382 of the last downward impulse, it will be around 30,000 dollars for one bitcoin, which we are able to see over the next months
Kommentera:
We are breaking out of the line of resistance, worth watching!
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