23.09.202112:49 Forex Analysis & Reviews: Trading plan for Bitcoin for September 23, 2021

Exchange Rates 23.09.2021 analysis

Technical outlook:

Bitcoin might have found some support around $39,500 mark early this week, as it has bounced off towards $43,500 levels at the time of writing. The crypto could drop one last time below $39,500 but it is not mandatory. Bulls are now looking poised to push higher towards $48,000-500 zone to take out the initial resistance and also confirm they are back in control.

Bitcoin is currently trading around $43,700 levels and is expected to rally through $48,000-49,000 zone soon. Immediate price resistnce is at $48,000-49,000, followed by $53,000, while support comes in around $39,500, followed by $37,500 zone respectively. Most traders might prepare to initiate fresh long positions with risk around $35,000 mark.

Bitcoin might still have enough room to print one mire high above $65,000 mark, going forward. The crypto has found support just ahead of $37,000 as discussed yesterday. Bulls remain poised to push higher from here but be prepared for another test around $39,500.

Trading plan:

Potential rally towards $65,000 against $35,000.

Good luck!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Oscar Ton,
Chuyên gia phân tích của InstaForex
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