BitcoinUpdated BTC Beginning of October Prediction - Bullish
Based on the 4 hour candles, I see BTC dropping to around 38000 support especially given the situation with China's Evergrande. If it defaults and all markets tank with it, I don't predict the overall market will dip and stay low for very long (asian market will though probably): especially with JPOW's announcement today and the SPY bounce. Once the US and European markets recover, I see BTC gaining momentum in the start of October. But if Evergrande is able to pay off its debt, then I don't see BTC dropping much further. Weekly still bullish.
Note
All went downhill from here...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.