Crypto Market Outlook 2 Week October
- October 16, 2021
- Posted by: Market Learning
- Category: Trading
Oct 15: #Bitcoin: As mentioned Earlier Bitcoin ETF FOMO pushed Bitcoin price above $62,000. We can see high volatility in coming days on both sides,specially near to our bitcoin ETF application due dates.
In 4 hr, BTC is give bullish channel breakout near $59000 and seems it can test 65k on weekend. Although RSI in 4 hr give a alert which pull back BTC to test support. $58k and $53k should work as good support and bulls will try to buy $53k if btc make any dip.
ProShares’s Bitcoin ETF application approval date is OCT 18 and Fomo can push BTC price upside direction towards $65k which is next major resistance of this bull run.
USA Market: Seems DOW Future give weekly closing above 35000 point which is good update from USA market. Bitcoin also back to above $60k, So it should be a good weekend for crypto traders.We can see random bounce in alts too if BTC hold price $58k-$65k.
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