BTC scenario for end of October

14 Eki 2021

BTC has been rising rather quickly in the first half of October. As we are running in to multiple resistance lines, I would consider taking profits before a pullback to 54700, 54150 and 53800. For the close of this month, I'm still expecting a strong rebound in the last week, closing above 63000 would slingshot the price action in to November.

14 Eki 2021

Not

To support the idea of a temporary pullback: Both RSI and MACD are showing a bearish divergence on 4H, 8H and 12H timeframes. This could be reset by grabbing liquidity at lower price levels.