What Kind Of Further Direction Of Bitcoin Can Be?

In The Coming Days Will Be The Final Consolidation Of Bitcoin

Technical analysis:

Exchange Rates 29.09.2022 analysis

BTC has been trading sideways at the price of $19.310. Anyway, watch for potential rejection or breakout of the key support at $19.240 to confirm further direction.

Trading recommendation:

In case of the downside breakout of support at $19.240, watch for selling opportunities on the intraday rallies with the downside objective at the price of $18.620

In case of the rejection of support at $19.240, watch for the buying opportunities and upside objective at the price of $19.750.

 

 

Relevance up to 09:00 2022-09-30 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more: https://www.instaforex.eu/forex_analysis/294791

In The Coming Days Will Be The Final Consolidation Of Bitcoin

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand instaforex.eu, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). InstaForex.eu has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex.eu is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds.

InstaForex.eu offers access to around 2,500 instruments (CFDs in Stocks, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at: www.instaforex.eu

Follow InstaForex.eu on:

Twitter Facebook YouTube

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.