empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

09.10.202315:11 Forex Analysis & Reviews: Technical analysis on Bitcoin for October 9th, 2023.

Exchange Rates 09.10.2023 analysis

Blue line- support trend line

Bitcoin has started the week under pressure. Bitcoin price is in negative territory at $27,420. Bitcoin is trading above the blue upward sloping support trend line. There are still increased chances that Bitcoin price continues to make higher highs and higher lows. Support by the blue trend line is found at $26,960. As long as we trade above this level, bulls have hopes for a move to new higher high towards $29,000 and higher. Failure to hold above the blue trend line could produce a new downward wave to new lows.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Alexandros Yfantis,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaSpot
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.