BTCUSD 1D (try to rise again)
BTCUSD
OUTLOOK
The price of the bitcoin currency pair against the dollar has been moving strongly downwards since the start of this week's trading, with losses that affected the $25,600 support level, its lowest in more than two months, At a time when the global financial markets are cautiously awaiting everything that comes out of the Jackson Hole Symposium on the lips of global central bank officials led by the US Federal Reserve. Bitcoin's decline led to a strong sell-off in other cryptocurrencies as investors feared it could drop to more than $25,000. BTC's drop coincided with a US judge's ruling allowing for a preliminary appeal from the US Securities and Exchange Commission.
but in generally the currency BTC is still attracting interest in the exciting world of cryptocurrencies as shows some stability ,it seems that it has effectively avoided further losses thanks to the support zone near 24828 - 25820
so we expect the price will rise up again thanks to that support zone also as we see in the chart we have high and low many times and Higher lows often lead to higher highs so our target will be 33022
consolidation under 24830 it will help the price to lose more points
support line : 25820 , 24828
resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price of the bitcoin currency pair against the dollar has been moving strongly downwards since the start of this week's trading, with losses that affected the $25,600 support level, its lowest in more than two months, At a time when the global financial markets are cautiously awaiting everything that comes out of the Jackson Hole Symposium on the lips of global central bank officials led by the US Federal Reserve. Bitcoin's decline led to a strong sell-off in other cryptocurrencies as investors feared it could drop to more than $25,000. BTC's drop coincided with a US judge's ruling allowing for a preliminary appeal from the US Securities and Exchange Commission.
but in generally the currency BTC is still attracting interest in the exciting world of cryptocurrencies as shows some stability ,it seems that it has effectively avoided further losses thanks to the support zone near 24828 - 25820
so we expect the price will rise up again thanks to that support zone also as we see in the chart we have high and low many times and Higher lows often lead to higher highs so our target will be 33022
consolidation under 24830 it will help the price to lose more points
support line : 25820 , 24828
resistance line : 28345 , 28902
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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