BTC Future Pathway Analysis
The Bitcoin pullback has now taken a deeper turn and we have fallen back to 40k which is a key Psychological level and potential support.
A break lower here would open up $38 and 34k which is the recent lows of this year.
The market correlation with Crypto and traditional stock risk appetite is getting closer and a reversal in US stock markets should help Bitcoin get support.
Range trading is a third option that BTC can enter into with an orbit around 40k but such a outcome is abnormal for Bitcoin.
Buyers want to see a break above $40600 in the short term and then likely we test $42000.
A break lower here would open up $38 and 34k which is the recent lows of this year.
The market correlation with Crypto and traditional stock risk appetite is getting closer and a reversal in US stock markets should help Bitcoin get support.
Range trading is a third option that BTC can enter into with an orbit around 40k but such a outcome is abnormal for Bitcoin.
Buyers want to see a break above $40600 in the short term and then likely we test $42000.
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Come join us today at : easymarkets.com/
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.