empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

30.10.202315:43 विदेशी मुद्रा विश्लेषण और समीक्षा: Technical analysis on Bitcoin for October 30th, 2023.

Exchange Rates 30.10.2023 analysis

Blue lines- Fibonacci retracement levels

Red line- support trend line

Yellow lines- expected path

green rectangles- overbought spikes in the RSI

Bitcoin is trading around $34,680 just below the 38% Fibonacci retracement of the entire decline from its all time highs. Bitcoin has started making higher highs and higher lows over the last nine months. The RSI is approaching similar overbought levels to the bullish wave that occurred back in January. A pull back followed that provided us with a lower high and another leg higher followed to new higher highs. If the pattern repeats itself, Bitcoin could make a pull back towards $30,000-$31,000 and the red support trend line. A new higher low should form there around these levels and a new wave to the upside should follow. Concluding it is important for bulls to defend the red upward sloping trend line. As long as we trade above it, bulls have the upper hand. In the near term a pull back is justified as the RSI has reached deep inside the overbought area.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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
अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.