Bitcoin About To Bounce?? 28 Oct 2021

Bitcoin (BTCUSD) has retraced from the fresh all time high and is now at structural support. We are looking for price to make a bounce from this zone back into the resistance zone at $67,000. If price is able to break out of the range we have highlighted we will trade in the market direction.

Upside Target: $67,000

Violated Below: $54,000

Entry: At Market

BTC/USD 1D Chart, 28 October 2021.

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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