empty
 
 
24.06.2022 03:06 PM
Trading plan for Bitcoin on June 24, 2022

This image is no longer relevant

Technical outlook:

Bitcoin rose above $21,400 on Friday as it continues to develop its corrective drop against $21,700-800. The recent pullback between $19,700 and $214,00 should be short-lived as bears might be preparing to come back on the market and drag prices towards $19,200 in the near term.

Bitcoin has carved a larger degree downswing between $69,000 and $17,500 over quite a while. Even if BTC extends a further drop, it needs to produce a pullback rally towards the $33,000-35,000 zone in the next few trading sessions. Also, note that initial resistance is seen at around the $32,300 mark and a break there will encourage bulls.

Bitcoin has also carved a lower degree upswing between $17,500 and $21,700 to confirm a deeper correction ahead. Prices are currently retracing the above rally and are expected to find support at around the Fibonacci 0.618 retracement seen at about $18,200. If the above scenario holds well, we should witness a drop from here before the rally resumes.

Trading plan:

Potential rally towards $33,000 and higher against $17,000

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Octubre, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback