empty
 
 

22.10.202106:05 Forex Analysis & Reviews: Elliott wave analysis of Bitcoin for October 22, 2021

Exchange Rates 22.10.2021 analysis

Bitcoin moved to new all-time highs yesterday. We are looking for more upside in bitcoin with the next target seen at 78,982. However, the odds for upside acceleration way beyond 100,000 remain firmly in place here.

Support is currently seen at 59,955 and then at 59,013. Ideally, the latter will be able to protect the downside for the attack on 78,982.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
Can't speak right now?
Ask your question in the chat.