BTC: Will there be continued growth?

​​#UGC #analytics

💡 BTC: Will there be continued growth?

At the beginning of this week (October 2), bitcoin pleased us with a pump, after which the quote clamped into the balance with a range of $27250 - $27,770. Let's figure out where further movement is most likely with the help of advanced analysis tools.

1️⃣ When trying to expand the range in the upward direction, we met the resistance of a large participant in the form of abnormal volumes, which indicates the rejection of higher marks.

2️⃣ At the moment, we retested the support of $27,050 - $27,250, receiving a serious reaction. Nevertheless, the fact of repeated testing, as well as the lack of volumes, indicate the weakness of the asset.

3️⃣ Analyzing predictive liquidations – the nearest large one is at $27,014. Also at $27,000 is the liquid density, which also acts as a magnet.

Most likely, in the near future we will see a continuation of rotations in the range of $27,050 - $27,770 with a high probability of a breakdown of the $27,000 level.