Today is 2023.10.08, and the current price of Bitcoin is $28,062.5. Generally speaking, the fluctuations are getting smaller and smaller!
Although the Federal Reserve still has the possibility of raising interest rates again, the overall trend of Bitcoin is still upward. No matter which level you look at, I personally think it is upward!
At the 5-minute level, bullish! One hour level, bullish! The 4-hour level is bullish! The daily level has double bottom support and is still bullish! The weekly level is bullish, not to mention the monthly level, it is strongly bullish!
The US$28,000 mark is a battleground for military strategists. In recent days, Bitcoin has always been around US$28,000, fluctuating up and down, falling below and rebounding many times. It currently stands above US$28,000, and has also stood above 200 weeks. The next step is to see if it can stand firm. If it stands firm, the market will expand rapidly!
If there is no particularly big negative news or the emergence of a black swan, it will be difficult for Bitcoin to fall below the double bottom, and the possibility of a downward trend is also very small!
The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
