Quick Update For Bitcoin Futures Major Indices For Short-Term Detectors With Positive Surprise

By Rubikkav | Rubikkav Insights | 15 Oct 2023

Whale Attacks

Bitcoin in the short term wants to wake up. Recent data from dominandocrypto suggests that in recent hours excessive purchases of $BTC were made on the Binance exchange.

BTCUSDT attempts to break the weekly low (PWL) barrier with the related price of $27164.63 (at the time of publishing this technical update).

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The positive thing is that it broke our trend moving average at the exact point of $27006.88. But a safe entry for long, we recommend it above $27237.37 and securing the first profits at $27523.66, which is the monthly high point (PMH).

The truth is that many bulls expect Bitcoin to break through the highest weekly barrier (PWH), well above $28543.63. But for now they will have to settle for the short term, which in the 4H time chart gave confirmation of a positive trend in most of the indicators at the moment.

If the trend loses strength, the price can return to the lowest closing point (PDL) located exactly at $26774.64.

See you next time...

Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.

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