Bitcoin: uptrend is coming?
The resistance level with the upper border of $20,460 was broken on the Daily timeframe on September 9. The trend is bullish now and the impulse wave develops.
A pullback buying opportunity will appear after the correction formation on the Daily timeframe.
In case of successful development of the trend, a more distant target will be on the highs of June 6 – 8, where the next resistance is located with the borders of $31,400 – $31,965.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of September 6 – 9. The borders of this support are $18,395 – $18,777.
A pullback buying opportunity will appear after the correction formation on the Daily timeframe.
In case of successful development of the trend, a more distant target will be on the highs of June 6 – 8, where the next resistance is located with the borders of $31,400 – $31,965.
Long positions will remain relevant until the market is above the nearest support level on the Daily timeframe, the lows of September 6 – 9. The borders of this support are $18,395 – $18,777.
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