TRENDING:
UK CPI
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Bitcoin: An uptrend will start as soon as the market rises above the 21020 level

Bitcoin: An uptrend will start as soon as the market rises above the 21020 level
Anton KolhanovAnton KolhanovAnton Kolhanov

Weekly forecast (October 31 – November 4, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 21020, which will be followed by moving up to resistance level 21900 and 22799.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 21020, which will be followed by reaching support level 19957 and if it keeps on moving down below 19706 level, we may expect the market to reach support level 18125.

BTCUSD

Monthly forecast, November 2022

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 19706, which will be followed by reaching resistance level 22799 and if it keeps on moving up above that level, we may expect the market to reach resistance level 25211.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 19706, which will be followed by moving down to support level 18125 – 17622.

BTCUSD

Author

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

More from Anton Kolhanov
Share:

Editor's Picks

XRP consolidates as inflows and volume climb

XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.
Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.