Market Analysis of BTCUSDT on Thursday 31 OCTOBER 2024

2024-10-31 12:03Source:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW    


BTCUSDT running in positive trend and its immediate strong support on 15 minute chart are 70600 to 71660 level .  Stop loss is 70000 level and it can rise towards 74655 level  in form of wave 5 minimum requirement .Intraday purpose buying is better for targets 72750 , 73000 and 73300 levels respectively with stop loss70000 level.


QUICK FUNDAMENTAL LOOK                                                                    


Bitcoin surpassed €68,000 ($73,561) on October 29, establishing a new ATH against the euro. The largest cryptocurrency by market cap reached this milestone on multiple crypto exchanges, including Binance.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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