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October 2, 2022
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Guide & Analysis

Bitcoin reacts with rising funds

Bitcoin reacts in the last few hours, but has a tough road ahead

The BTC price has reacted and sees a return above $ 33k, but this is just the beginning to return to the high of a few weeks ago. There are important resistances to be broken.

Forming upward funds and a new blue LTA (Blue Bullish Trend Line), the digital asset breaks through resistance at $ 32705 and remains above the EMA200, blocking, for now, the downward movement.

It is worth noting that the price is still below EMA89 and that there is an important LTB yet to be matured. With that, LTA + LTB, again, we have a symmetrical triangle – Zone of indecision for Traders – it is prudent to expect to define for those who want to make a decision.

Bitcoin really reacts, escapes the support zone at $ 29,800 and points the way slightly upwards, but it is still not enough to hit the hammer on anything.
Let’s follow.

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