I published a Q3 chart analysis and Q4 forecast for Bitcoin with $28.5k as a key price level to monitor. BTC showed a lot of bullishness over the first few days in October, and has reached the price target in just two days. BTC has been in a correction, and has found support in this white support zone. I would continue to monitor this price level to ensure stability before taking a long position back up to $28.5k. So far the white support zone is holding strong. From a TA perspective, BTC is finding solid support on the EMA ribbon and midrange of the Bollinger Bands.
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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.