11.09.23 - 17.09.23
Last week results
Instruments:
At the beginning of the week, Bitcoin witnessed a brief yet sharp price drop, followed by a gradual and steady ascent. Bitcoin's gradual growth generates a certain confidence, which suggests that the upward momentum may persist.
▶️Cryptocurrency exchange Huobi has rebranded itself as HTX. The HTX (Huobi) team rejected comparisons with the collapsed exchange and said the rebranding was part of the company's global expansion plan.
▶️BTC to $28,660: Top Trader's Prediction. Renowned trader Henrik Zeberg and the Glassnode founders have shared an intriguing price forecast for Bitcoin. They highlighted the critical $26,200 price level. Zeberg emphasised that if Bitcoin were to conquer this threshold, it would signal a rapid ascent. The prophecy came true - Bitcoin quickly surpassed the level and turned it into strong support. Currently, BTC stands at an impressive $26,630. Zeberg's analysis suggests a potential rally to $28,660, generating excitement within the crypto community. As the cryptocurrency market evolves, all eyes are on Bitcoin's journey tow.
These week’s key events
At the beginning of the week, Bitcoin witnessed a brief yet sharp price drop, followed by a gradual and steady ascent. Bitcoin's gradual growth generates a certain confidence, which suggests that the upward momentum may persist.
▶️Cryptocurrency exchange Huobi has rebranded itself as HTX. The HTX (Huobi) team rejected comparisons with the collapsed exchange and said the rebranding was part of the company's global expansion plan.
▶️BTC to $28,660: Top Trader's Prediction. Renowned trader Henrik Zeberg and the Glassnode founders have shared an intriguing price forecast for Bitcoin. They highlighted the critical $26,200 price level. Zeberg emphasised that if Bitcoin were to conquer this threshold, it would signal a rapid ascent. The prophecy came true - Bitcoin quickly surpassed the level and turned it into strong support. Currently, BTC stands at an impressive $26,630. Zeberg's analysis suggests a potential rally to $28,660, generating excitement within the crypto community. As the cryptocurrency market evolves, all eyes are on Bitcoin's journey tow.
📈 BTC: The Waiting Game Continues
💡 3 reasons to trade BTC now:
🔹Clear uptrend
🔹 Favorable entry points due to Bitcoin's gradual movement
🔹 Opportunities for short Stop Losses amid small corrections
💡 Technical analysis: A new flat is expected to be formed in the market, so trading activities shall be adapted accordingly. Perhaps, the width of the channel will allow trading inside it and, of course, trading on a breakout is always a viable strategy.
Long Strategy: Consider opening a buy trade if the price rises to $26,790. Set a Stop Loss at $26,560 and a Take Profit at $27,260.
Short Strategy: Open a trade if the price falls to $26,370 and forms a reversal pattern. Set a Stop Loss at $26,490 and a Take Profit at $25,800.
❗️ Seize this opportunity to make informed decisions in the market.
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