Bitcoin Price Is Gaining Traction Again!

Bitcoin Price Is Gaining Traction Again!

By Aventurine | Crypto Aventurine | 6 Oct 2023


Bitcoin Is Close to $28,000 Again!

Will we see Bitcoin break out to $30,000 This Weekend?

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Bitcoin is bouncing of before it even touched my purple line creating higher lows which is a very good sign. That tells us it was a basic retracement and it perfectly follows analytical tools. 

I say it is high probability that Bitcoin will be at $30,000 by the end of next week without any news or hype just naturally growing to the next retracement levels. 

UPDATE: This was unposted draft that I didn't finish writing.

Bitcoin was rejected at the exact resistance line I drew. 

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Does it mean there wont be a brake out? Well, Bitcoin is forming a symmetrical triangle which is a continuation pattern.

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Although symmetrical triangle is 50/50 it usually follows the trend.

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There might be a fake out to the downside, but I think Bitcoin should not brake the purple support line. Breakout to the upside would give us a price just around $29,300 It is Friday already - the weekend might be interesting! 

 

All The Best,

Aventurine!

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