📢The #BTCUSDT market has spiked over 40% since the Septembers low and the bulls are back above the $30k again. The current market conditions are very dynamic and the volatility is high, so the next wave to the upside might unfold soon: ranging bulls are in total control of the market.

➡️What are then the potential target levels for the current bullish cycle on #BTC ?

➡️The full technical analysis video of BTC/USDT market, including the current #ElliottWave scenario and potential target levels can be seen here ⤵️
https://youtu.be/_9T_qgc5Ol4

#Bitcoin #Trading #Money #Investing #Bull #BUY #Crypto #Trend #SEC #BlackRock #ETF #Spot

The #BTCUSDT pair has made a new swing high at the level of $37,900 as the bulls are in control of the market. The price is again coming off the extremely overbought conditions on the daily time frame chart and the Bearish Divergence between the price and the momentum on the H4 time-frame chart helps bears to make 3% pull-back. The intraday technical support is seen at $36,262 and the intraday technical resistance is seen at $37,314. The next target for bulls is seen at the level of $40,000, but first the last week high located at $37,900 must be violated. The momentum remains strong and positive, so after the pull-back for the last swing high is done, the up trend shall continue.
The full technical analysis video of BTC/USDT market can be seen here:
https://youtu.be/iaKl0H7ZMTY
#BTC #BITCOIN #TETHER #USDT #TRADING #MONEY #CRYPTO #INVESTING #CRYPTOCURRENCY

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📌Elon Musk's Plan for X: Integration of cryptocurrencies in X's payment system could significantly impact Bitcoin's market dynamics.
📌Bearish Market Trend: The current technical analysis suggests a short-term bearish outlook for BTC/USD.
📌Market Sentiment: Despite overall bullish sentiment, there's a reduction in bullishness among traders, warranting cautious market engagement.

Read more: https://www.instaforex.com/forex_analysis/351954
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