Hello trader!!
As I predicted on the DXY post, the dollar has experienced a short strenght on September, which coincides with a weakness of the cyrptomarket
After a bearish month on the main crypto asset, we could see a new bullish scenario for the upcoming months. The price has been moving on a range between 10.000- 11500 USD, creating some uncertainty on the crypto world.
Having a look on the past months, since the halving, Bitcoin hasn't experienced a rectracement or something similar. Therefore, as September use to be a bearish movement on the coin, we can take all this fear generated due to this movement, as a corrective movement.
On the other hand, price has rejected both MA20 and EMA9 which can indicate us a buyers preassure. Therefore, if the price breaks the commented range (10k-11,5k), we could see a new bullish impulse on the next weeks.
I'll keep updating.
Comment:
Price is still moving inside the commented range. Volatility starts to increase, so we can expect some big movementes soon.
Comment:
Last week BTC broke up the range we commented. Therefore, probabilities tell us that a bullish movment is closer. Also, the volatilty has increased, so won't be crazy if wee see the price reaching 13k on the next 2-3 weeks.
Comment:
The price is still shwoing a big potential movement. We could see a new bullish wave on the upcoming weeks.
Trade closed: target reached:
First target reached.
Comment:
BTC gone crazy!
