Rimani 
Condizioni di trading
Strumenti
Bitcoin has dropped through $58,500-59,000 zone as discussed and in-line with expectations. The crypto is seen to be trading around $59,000-400 at this point in time and might prepare to rise higher again. Traders might be advised to book profits on short positions initiated earlier from $65,000 mark and prepare to turn long. Potential remains for a rally towards $75,000 going forward.
On the flip side, Bitcoin can drop further to $56,000 mark, which is fibonacci 0.382 retracement of the rally between $40,000 and $69,000 respectively. A drop below $56,000 will open the door to test $50,000 potential support before resuming its rally towards $75,000 mark. Immediate price support on the daily chart is at $40,000, while resistance is around $69,000 respectively.
Bitcoin wave structure continues to remain bullish until prices stay above $40,000 mark. A break below $40,000 will test further lower towards $29,600 mark. At this point in time, focus shifts tor a rally above $75,000 mark with risk below $56,000 respectively. Bulls seem to be poised to dominate the market soon.
Potential rally towards $75,000 against $55,000
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.
