Is $BTC Heading to $45000 by November End?
Bitcoin Price Prediction: The BTC price trajectory recently reached a stagnation point around the $38,000 level, driven by the US SEC’s delay in approving Bitcoin spot ETFs. Over the past two weeks, Bitcoin (BTC) has mainly fluctuated between $38,000 and $35,000. An analysis of the daily time frame suggests that this consolidation period could in fact be a retest phase after a wedge pattern breakout, potentially providing a buying opportunity.
Table of Contents
- Exponential moving average: The 20-day EMA slope provides dynamic support to the BTC price during the current retest.
- Vortex indicator: A bullish crossover between the VI+ (blue) and VI- (pink) slopes indicates that the bullish trend is still present.
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This content is initially written on: 2023-11-20 20:29:39. Explore more information on this page: coingape.com.
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