Condizioni di trading
Strumenti
Bitcoin dropped through the $54,000 mark as it was discussed as a probability on Thursday, before turning higher again. The crypto is still near the support range (rectangle boz presented) on the daily chart. The price is testing a potential convergence of the new channel support and Fibonacci 0.50 retracement of the rally between $40,000 and $69,000.
Bitcoin is now expected to find support around the $52,800-53,500 zone, before resuming its uptrend towards $75,000. On the flip side, if the price drops below the support channel it could open the door to test the $40,000 support level. This may encourage bears to be back in control over the next few trading sessions.
A bullish bounce around the above zone will keep the wave structure intact and Bitcoin would still be poised to resume its rally towards $75,000. We can expect a meaningful bearish reversal thereafter, which might drop back to $40,000.
Potential rally towards $75,000 against $50,000
Good luck!
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.