Crypto Chart 10/2021 Review II BTC-USD

in trading •  last month 

Peace

I hope you are doing well on this beautiful. The price of the token presented below on the daily chart is reviewed in a brief report. It is important to never invest more than you can afford to lose. The opinions given in this article are only for educational purposes. Please I strongly stress the point of conducting your full detailed research on the crypto you are targetting before any actions in this volatile market.

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The price on the daily chart describes the evolution of Bitcoin tokens against USD one candle at a time on the exchange. The prices of BTC are moving up after one large green candle was recorded at the beginning of October. Its current value is located as I am writing this article around 66291 USD. The green line represents the resistance line where the prices were tested months ago. The fact that BTC price crossed this resistance line showed a positive perspective. It appears that BTC tokens are steadily gaining value since the end of September 2021. The moving average has crossed and moved apart since their connection. As a result of this evolution of the moving average, it is prudent to avoid announcing any long-term predictions on the trend in the BTC value. Whether or not there will be a bull run to 100k before January, the market seems to support the uptrend of prices. I expect that the market will keep the buying orders and maintain the raise in value. Otherwise, hold your bag of BTC as the prices may suddenly dive.

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Please share with us in the comment section whatever suggestions or questions you would like me to consider for the improvement of this series of crypto prices analyses.

Warm regards

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