Bitcoin price could scrap $40,000 before a bigger dip
BTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
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.