Bitcoin Price is Close to the Target
Bitcoin price went up 27K to 34K. After touching 34K, it is resting... Lots of investors are thinking Bitcoin is trying to get more power to reach 40K.
Even Bitcoin price seems bullish, Bitcoin price is close to the target. The target of price is to reach 35800 USD!
Here you can see weekly chart of Bitcoin! There is bullish channel on this chart. Bitcoin price is close to touch the top line of bullish channel..
After breaking up the middle line of this channel, rate of rise increased. Bitcoin tried to reach the top of this channel with big green candle but It couldn't..
It may be early to touch the target. Bitcoin price may return to the middle line of this channel..
The middle line is about at 30200 USD..
If Bitcoin price goes back, 30200 USD will be the target. It is great support for Bitcoin!
When we look at the indicators on Bitcoin price chart, daily charts indicators are reversing and will reverse..
So, November may be red month for Bitcoin!
I shared lots of analysis and said, Bitcoin price will go down in November...
We will see.
Waiting 30200 USD...
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A very interesting and informative read. Thank you.
you are wellcome!!
You are wellcome!