Market Analysis of BTCUSDT on Friday 13 October 2023

2023-10-13 12:39Fonte:BtcDana

BTCUSDT TECHNICAL ANALYSIS SHORT TERM VIEW      

 BTCUSDT is running in wave c or wave 3 so its minimum downside target is at 26870 without touch 27430 .It can fall more towards 26450 level sharply as well .For intraday 26700,26600 and 26450 final target respectively with stop loss 27430 .Btcusdt completed its impulse and last wave 5 was extended so it can sharply fall for minimum target 26450 without touch 27430 level.

 QUICK FUNDAMENTAL LOOK                                                                     

The recent downward pressure on bitcoin is not influenced by external news factors.A return of institutional investors could trigger a bitcoin selloff.

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

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