Bitcoin Change Accumulation zone

17 Okt 2023

We had talked that we were in a Bitcoin accumulation range where the minimum resistance would be in the $24,800 area. Looking and analyzing the charts today, in this case 4hrs and Diario, it is very likely that this resistance as the minimum of this exchange accumulation range above $26,800 dollars, the break of it would not be good to follow my forecast of a Bitcoin that will continue its upward trend. We said the explosion of Bitcoin will be given by the news of an ETF, although without it, the accumulation of the big whales will continue. In the charts we see a price that shows moving averages with an upward slope, with an important crossing of the wave in areas of moving averages 20 (Yellow color) 50, (Dark Blue color), compressed and not further apart from each other above the 200 MA (purple color), 200 EMA (black color), an ADX in the histogram (black line) with an upward slope that still represents strength in the short-term and medium-term movement, this analysis confirms my position that Bitcoin It will continue to rise slowly, more accumulation zone” or faster depending on the ETF and its approval, and remember “Bitcoin with infinite patience, infinite results”https://www.tradingview.com/x/cU4jiKEL/