Bitcoin (BTC) Comments: These Levels Should Be Carefully Monitored in the Leading Crypto Currency


Bitcoin bulls maintained the positive zone on the last day of October, not giving up their bullish momentum. After Uptober, the bulls stayed above the psychological level of $ 60,000 for the third week in a row and also at the monthly close for the first time. The next level to watch is the $63,000 resistance zone.

Bitcoin Analysis

The leading cryptocurrency Bitcoin, Holding on to a significant support of 200 SMA, achieved victory in the bulls’ descending parallel channel challenge. The BTC price climbed to $60.849 after the sudden support of $59.411 in the middle of the dominant chart model. In the event that Bitcoin falls below this level, a move to the 200-day Simple Moving Average level of 56.813 dollars can be expected. This support zone is very important for the defense of Bitcoin bulls. In the ongoing downtrend BTC/USD the pair may see large sell orders that trigger a wall of support of $52,830.

On the other hand, the continuation of the upward movement BTC, $67,000 can capture momentum for the sake of testing. The momentum captured above this place can allow you to see levels of $ 70,000 and then $ 100,000.

Bitcoin is 13 Years Old

Satoshi Nakamoto on October 31, 2008, Bitcoin Whitepaperhe published his . Then on January 3, 2009, Bitcoin was launched with an initial price of $ 0.0008. Bitcoin has reached the ATH level of $ 66,930, an increase of approximately 375,000,000% since then. While some analysts are ripping off apocalypses at every fall of the flagship BTC the owners have struggled with corrections and bear markets. With each fall, buyers BTC he provided an opportunity to participate in climbing to new heights. Yesterday, October 31, 2021 refers to the beginning of a project that can be considered the biggest financial step in history, while representing the 13th consecutive year since the publication of the Bitcoin technical analysis.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that cryptocurrencies have high volatility and therefore risk, and should conduct their transactions in accordance with their own research.
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