Bitcoin price could scrap $40,000 before a bigger dip
BTC Target: Bitcoin (BTC) aims for $40,000, driven by a rising RSI at 68, signaling further upward potential.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
Bullish Indicators: The Awesome Oscillator (AO) supports bulls, displaying green bars amid positive momentum.
Current Price: BTC stands at $39,462, with the potential to surpass $39,778 before hitting the $40,000 mark.
Mid-September Surge: BTC has surged by 60% since mid-September, in line with the bullish trend often observed in Q4.
Buying Opportunity: A potential dip to $37,500 could provide a buying opportunity for late investors.
Support Levels: Strong support is identified between $42,556 to $67,413, emphasizing potential upward movements.
Warning Signal: The bullish thesis would be invalidated if BTC breaks and closes below the $37,500 resistance level.
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