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Quarterly Close Analysis: What does Bitcoin tell us? 🚀**
The third quarter comes to an end and Bitcoin has given us historical data. After a challenging start to the year, we closed this period with an impressive performance of approximately a **42%**. To put it in perspective: an investment of $1,000 on July 1 would be about $1,420 today.
**Key market points:**
* **Historical performance:** Only the Q3 of 2017 outperformed this, after a first half marked by corrections.
* **Technical behavior:** We see a clear bullish signal; the price has consolidated the area of **$82,080** as a new support, keeping daily lows trending higher over the last 3 days.
* **Next levels to watch:**
* **Resistance:** We need to break and consolidate above **$85,200** to continue the trend.
* **Support:** If there’s a pullback, the key level to defend is **$80,200**.
The quarter is decided and the technical structure remains solid. How has your performance been during this period? I’m reading you in the comments! 👇
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingTips
***
Quarterly Close Analysis: What does Bitcoin tell us? 🚀**
The third quarter comes to an end and Bitcoin has given us historical data. After a challenging start to the year, we closed this period with an impressive performance of approximately a **42%**. To put it in perspective: an investment of $1,000 on July 1 would be about $1,420 today.
**Key market points:**
* **Historical performance:** Only the Q3 of 2017 outperformed this, after a first half marked by corrections.
* **Technical behavior:** We see a clear bullish signal; the price has consolidated the area of **$82,080** as a new support, keeping daily lows trending higher over the last 3 days.
* **Next levels to watch:**
* **Resistance:** We need to break and consolidate above **$85,200** to continue the trend.
* **Support:** If there’s a pullback, the key level to defend is **$80,200**.
The quarter is decided and the technical structure remains solid. How has your performance been during this period? I’m reading you in the comments! 👇
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingTips
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