Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- BTC continued its strong bullish rally, as it flipped the $29.4k price level to support.
- However, there were signs of an imminent pullback before a continuation of the rally.
Bitcoin’s [BTC] remarkable week-long pump extended past the $29.4k resistance level, as bulls ramped up the buying pressure. The bullish rally began on 15 October and as of press time, BTC registered 11.4% gains, rising from $26.8k to $29.9k.
Is your portfolio green? Check out the BTC Profit Calculator
A BTC price report by AMBCrypto on 19 October highlighted the possibility for more gains after the king coin climbed to the $28.5k price zone. This analysis was validated over the past 48 hours, with buyers making another strong push from the $28.5k level.
This saw BTC flip the $29.4k level to support and underlined the bullish prospects for sustained gains above $30k.
Bulls cleared another major obstacle
Source: BTC/USDT on Trading View
The Moving Average Convergence Divergence (MACD) indicator highlighted the intensity of the current bullish rally. It posted a bullish crossover above the zero mark to signal a strong bullish bias.
Nevertheless, the Chaikin Money Flow (CMF) showed that capital inflows were subdued, as it hovered around the zero mark. With the Relative Strength Index (RSI) hitting the overbought zone along with muted capital inflows, a minor pullback could be experienced in the short term.
This could see BTC retest the $29.4k support in the coming days before a continuation of the bullish uptrend, with $31k the long-term target for buyers.
On the other hand, a sharp rejection at $30k could reintroduce bears back into the market with a downward move. This is a possibility if the $29.4k support doesn’t hold on a retest.
Longs and shorts locked in a tight price battle
Source: Coinglass
Read Bitcoin’s [BTC] Price Prediction 2023-24
The exchange long/short ratio showed that both market participants were active in the market, with neither buyers nor sellers dominating yet. The marginal difference between longs and shorts could determine a price pullback or an extension of the bullish rally.
With price approaching significant liquidation levels, traders should exercise caution before opening new positions. The information on the price charts as of press time suggested that BTC was still bullish. However, sellers were actively searching for short positions.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- BTC continued its strong bullish rally, as it flipped the $29.4k price level to support.
- However, there were signs of an imminent pullback before a continuation of the rally.
Bitcoin’s [BTC] remarkable week-long pump extended past the $29.4k resistance level, as bulls ramped up the buying pressure. The bullish rally began on 15 October and as of press time, BTC registered 11.4% gains, rising from $26.8k to $29.9k.
Is your portfolio green? Check out the BTC Profit Calculator
A BTC price report by AMBCrypto on 19 October highlighted the possibility for more gains after the king coin climbed to the $28.5k price zone. This analysis was validated over the past 48 hours, with buyers making another strong push from the $28.5k level.
This saw BTC flip the $29.4k level to support and underlined the bullish prospects for sustained gains above $30k.
Bulls cleared another major obstacle
Source: BTC/USDT on Trading View
The Moving Average Convergence Divergence (MACD) indicator highlighted the intensity of the current bullish rally. It posted a bullish crossover above the zero mark to signal a strong bullish bias.
Nevertheless, the Chaikin Money Flow (CMF) showed that capital inflows were subdued, as it hovered around the zero mark. With the Relative Strength Index (RSI) hitting the overbought zone along with muted capital inflows, a minor pullback could be experienced in the short term.
This could see BTC retest the $29.4k support in the coming days before a continuation of the bullish uptrend, with $31k the long-term target for buyers.
On the other hand, a sharp rejection at $30k could reintroduce bears back into the market with a downward move. This is a possibility if the $29.4k support doesn’t hold on a retest.
Longs and shorts locked in a tight price battle
Source: Coinglass
Read Bitcoin’s [BTC] Price Prediction 2023-24
The exchange long/short ratio showed that both market participants were active in the market, with neither buyers nor sellers dominating yet. The marginal difference between longs and shorts could determine a price pullback or an extension of the bullish rally.
With price approaching significant liquidation levels, traders should exercise caution before opening new positions. The information on the price charts as of press time suggested that BTC was still bullish. However, sellers were actively searching for short positions.
can i order clomiphene online cost of clomid price where to get clomiphene price can you buy cheap clomiphene without insurance clomiphene nz prescription can i get generic clomid without a prescription buying clomid without prescription
This is a theme which is in to my fundamentals… Numberless thanks! Faithfully where can I lay one’s hands on the contact details in the course of questions?
The reconditeness in this serving is exceptional.
purchase zithromax sale – tindamax over the counter buy metronidazole 400mg for sale
buy semaglutide online – periactin 4 mg price buy cyproheptadine cheap
buy generic motilium over the counter – motilium buy online buy flexeril pills
inderal for sale online – propranolol cheap cheap methotrexate 5mg
augmentin 375mg canada – https://atbioinfo.com/ buy acillin without a prescription
buy cheap esomeprazole – https://anexamate.com/ esomeprazole over the counter
cost coumadin 2mg – blood thinner cozaar over the counter
meloxicam 7.5mg pill – mobo sin meloxicam 7.5mg for sale
order prednisone 40mg generic – arthritis deltasone 20mg for sale
top erection pills – site best ed medications
buy generic amoxil for sale – combamoxi.com cheap amoxil for sale
order fluconazole 200mg pills – https://gpdifluca.com/ diflucan 100mg price
oral cenforce – cenforce us buy cenforce cheap
tadalafil (megalis-macleods) reviews – https://ciltadgn.com/# how long before sex should i take cialis
buy ranitidine 300mg sale – online order generic zantac 300mg
cialis sales in victoria canada – site what doe cialis look like
More articles like this would remedy the blogosphere richer. https://ursxdol.com/propecia-tablets-online/
This is a theme which is in to my fundamentals… Many thanks! Faithfully where can I find the contact details in the course of questions? https://prohnrg.com/product/rosuvastatin-for-sale/
The thoroughness in this piece is noteworthy. https://ondactone.com/simvastatin/
This is the amicable of topic I take advantage of reading.
zofran online
More articles like this would frame the blogosphere richer. http://www.dbgjjs.com/home.php?mod=space&uid=531992
forxiga ca – https://janozin.com/# buy forxiga 10 mg sale
purchase xenical for sale – buy orlistat online xenical 120mg usa