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فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
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24.09.202112:45 Forex Analysis & Reviews: Trading plan for Bitcoin for September 24, 2021

Exchange Rates 24.09.2021 analysis

Technical outlook:

Bitcoin has reversed sharply from sub $45,000 to $42,100 mark at the time of writing and it is possible to test $40,000 again before bulls are back in control. The overall structure remains bullish but prices could drop to $37,500 mark, the fibonacci 0.618 extension as highlighted in the red here. We maintain our bullish stance against $35,000 for now.

Bitcoin has been in a corrective phase since $53,000 mark and might have carved a potential bottom close to $40,000 over the last week. Immediate resistance is seen at $48,000-500, followed by $53,000, while support is just below $40,000 levels respectively. If prices are able to bounce ahead of $40,000, it would be considered constructive for bulls as they resume higher towards $48,000 in the next leg higher.

Overall structure remains bullish until Bitcoin stays above $28,600 mark. A push above $48,000 and subsequently $53,000 will open door towards $65,000 and higher.

Trading plan:

Potential rally towards $65,000 against $35,000.

Good luck!

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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