BTC/USD Trades Above 50-Day SMA to Clear September High
BTC/USD trades back above the 50-Day SMA ($27380) to clear the September high ($$27491), and Bitcoin may attempt to retrace the decline from the August high ($30200) as the Relative Strength Index (RSI) pushes to its highest level since July.
BTC/USD Outlook
The lack of response to the negative slope in the moving average may lead to a further advance in BTC/USD, with a close above the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region bringing $29140 (38.2% Fibonacci extension) on the radar.
A breach above the August high ($30200) opens up the $30490 (50% Fibonacci extension) area, but failure to close above the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region may push BTC/USD back towards $25990 (38.2% Fibonacci retracement).
BTC/USD Outlook
The lack of response to the negative slope in the moving average may lead to a further advance in BTC/USD, with a close above the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region bringing $29140 (38.2% Fibonacci extension) on the radar.
A breach above the August high ($30200) opens up the $30490 (50% Fibonacci extension) area, but failure to close above the $27470 (23.6% Fibonacci extension) to $28220 (23.6% Fibonacci retracement) region may push BTC/USD back towards $25990 (38.2% Fibonacci retracement).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.