Bitcoin BTC price trading plan to the end of 2024
Last week was full of macroeconomic events, we write about it at previous idea
The cryptocurrency market took them positively and grew on rumors.
There is a legendary quote: “Buy on rumors, sell on facts.”
Therefore, we do not rule out that this week
BTCUSDT and the crypto market in general may plunge into correction.
Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life”
Fear and Greed Index (neutral) - 50
As long asBTC price is above $57,000, it is globally in an upward trend and at the same time in a protracted consolidation since May 2024.
Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11
_____________________
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The cryptocurrency market took them positively and grew on rumors.
There is a legendary quote: “Buy on rumors, sell on facts.”
Therefore, we do not rule out that this week
BTCUSDT and the crypto market in general may plunge into correction.Still, we need BTC.D - 57.7% and USDT.D - 5.50% to fall significantly lower for the market to really “come to life”
Fear and Greed Index (neutral) - 50
As long as
BTC price is above $57,000, it is globally in an upward trend and at the same time in a protracted consolidation since May 2024.Perhaps a confident exit from this consolidation will take place in November, after the US elections on 05.11 and the next Fed rate cut on 07.11
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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