Buy or sell bitcoin? The analyst explained everything

Buy or sell bitcoin? The analyst explained everything

124
Subscribe

Buy or sell bitcoin? The analyst explained everything
The analyst reviewed the rate graph of its first cryptocurrency and described in which circumstances it will go to the stage of growing, and in which circumstances it will renew the minimums


Bitcoin remains broadly flat, with a channel range of about $2,000, according to CEO Cryptorg. As of October 7, 17:00 NY time, the first cryptocurrency is at $19.5 thousand, for the past 24 hours it has fallen in price by 2%.

buy or sell bitcoin
The expert explained the strategy of working in the horizontal channel: at first everyone works on the rebound, which is happening now. But the more contacts the channel borders have, the more likely it is that the next touch will end up in a breakdown, Podolyan warned.

"I would buy on a breakdown of $20,400 up and sell on a breakdown of $18,400 down. Targets for a breakdown up would be around $22,400, with a breakdown down around $16,400," the analyst said. He concluded that he expects bitcoin to decline as the bullish correction in the stock market is complete.

Other news

Popular Ethereum Wallet MetaMask to Add Bitcoin Support
The Roscongress Foundation released a study on Bitcoin
Correlation Between Bitcoin and Nasdaq 100 Reaches Highest Level Since August 2023
Companies Reveal Investments in Bitcoin ETF Stocks: Who Bought and How Much
Turkey will introduce a tax on cryptocurrencies and supervise exchanges. What you need to know.
Capital inflows into Bitcoin ETFs have resumed. What has changed?
Trustpilot