Analysis on BTC/USD
What to expect?
Pure Technical analysis:
On the 23rd of October 2023, we saw bitcoin broke the 32k level which has serve as a resistance over time. Consequently in the past (Jan 2021, Jul 2021 and Jun 2022) we've seen price respect the 32k level as both support and resistance.
Having broken said level, we expect price to continue the upward trend, but that would be in two way. either price continues going up or it would have to retest the 32k level before making a final uptrend targeting 60k
Pure Technical analysis:
On the 23rd of October 2023, we saw bitcoin broke the 32k level which has serve as a resistance over time. Consequently in the past (Jan 2021, Jul 2021 and Jun 2022) we've seen price respect the 32k level as both support and resistance.
Having broken said level, we expect price to continue the upward trend, but that would be in two way. either price continues going up or it would have to retest the 32k level before making a final uptrend targeting 60k
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