Bitcoin update: Downtrend line ahead

30 ก.ย. 2023

Bitcoin has been performing well in recent days and has already broken through some important moving averages. We still face a downward trend line (DTL) to break, but I believe the chances of that happening are high.

In the macroeconomic landscape, Bitcoin is reacting well to the downturn in the American market. There are also threats of a U.S. government shutdown, and the last time this happened, in 2018, Bitcoin had a positive reaction.

For these reasons, I decided to initiate a trend purchase. If the price breaks the DTL and continues to rise, I plan to buy more.

Price: 26,900
Volume: 33%