Condizioni di trading
Strumenti
Bitcoin is pulling back a bit after printing intraday highs around $41,500 levels on Thursday. If the sideways movement continues from here, the price could slip back to $37,000-38,000 levels in the next trading sessions. On the flip side, a break above $42,500 will confirm that the crypto is out of the sideways range. It will rise higher through the $46,000 and $50,000 mark.
Bitcoin is probably into the last leg of its corrective phase, which should accelerate towards the $50,000 mark. Bears will remain poised to be back in control amid a strong resistance level around $48,000-50,000. Please note it is also close to the Fibonacci0.618 retracement of the earlier drop between $69,000 and $33,000 respectively.
Bitcoin is also possibly carving a potential right shoulder around $50,000-55,000 before resuming lower again to complete a Head and Shoulder reversal as projected on the above chart. Only a drop below $33,000 will confirm that the price is declining to $27,700.
Potential rally through $50,000 against $33,000
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.