Bitcoin is about to complete an accumulation pattern on the 1-day timeframe, with 2 days left until the monthly candlestick closes.
Also, this analysis was done after the closing of the weekly candle above the price of $34,500, which shows that Bitcoin has shown a good growth in the last month, which can be a sign of preparation for growth at the beginning of November.
Also, the recent events and tensions, including the conflicts between Israel and Hamas, Iran and the United States, have not been able to have a systematic negative impact on the market, which indicates the high level of stability of Bitcoin.
We are getting closer to the approval days of ETF funds and we understand the demand pressure!!!
If the growth continues, we will encounter in the areas of 45,000 to 48,000 dollars.
Also, this analysis was done after the closing of the weekly candle above the price of $34,500, which shows that Bitcoin has shown a good growth in the last month, which can be a sign of preparation for growth at the beginning of November.
Also, the recent events and tensions, including the conflicts between Israel and Hamas, Iran and the United States, have not been able to have a systematic negative impact on the market, which indicates the high level of stability of Bitcoin.
We are getting closer to the approval days of ETF funds and we understand the demand pressure!!!
If the growth continues, we will encounter in the areas of 45,000 to 48,000 dollars.
Trade active
Trade closed: target reached
