BTC/USD ($59k Level Good Support?)

24 Okt 2021

💎Technical Analysis Summary💎


BTC/USD

-Not much update for Bitcoin today
-Currently testing the previous resistance level
-We can see the price is reacting to this horizontal support
-If the Buyers can sustain above this 59k dollar support
-Consolidate and form a potentially bullish pattern in the daily timeframe
-The chances to print another ATH price is likely to play out next month
-Most of the strong Altcoins I'm holding are receiving good returns lately
-If the BTC Dominance will continue to decrease its value
-Expect many Altcoins will perform well too next month, so be ready
-My advice is only to look for strong coins that have a bullish structure
-Bullish patterns that are ready to break out in the coming days
-Have a trading plan and proper stop loss location base on its structure
-Good luck guys and stay safe!



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