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October 2, 2022
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Guide & Analysis

After Musk activated the breach, BTC tests $ 38k again

BTC tests $ 38k again after confirming break and pulling back

After a Tweet by Elon Musk triggered the breakout of the bullish triangle, the Bitcoin price pulls back to the LTB zone and again about to retest the resistance between 37800-38000.

Graph by TradingView

Now it is an important point. If the price breaks through this current resistance, it should again seek the maximum resistance in the ATH between $ 41400 and $ 41800.

BTC tests $ 38k again, but does it break?

The signs are favorable.

The price is above the main averages (in this chart: EMA21, EMA89 and EMA200), the RSI has moved out of the overbought zone and Altcoins are moving strongly. We have an Altseason.

Let’s follow. I believe I will seek this ATH again.

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