empty
 
 
05.07.2024 05:54 PM
Technical analysis of BTC/USD for July 05, 2024

This image is no longer relevant

Technical market outlook :

BTC/USD : Bitcoin

In 2023, our Forecast was :

Uptrend market - strong bullish - Take profit 2 : 29,800 (in 2023).

Now : 05 July 2024. Price at 56k.

Our Forecast (between 6 and 18 months)

BTC/USD increased within an up channel from the area of 50k -56k.

Trading recommendations :

The trend is still bullish as long as the price of 50k is not broken. Thereupon, it would be wise to buy above the price of at 50k with the primary target at the highest price of 73k. The volatility is very high for that the BTC/USD is still moving between 50k and 73k in coming hours. Consequently, the market is likely to show signs of a bullish trend again. So, it will be good to buy above the level of 50k. Then, the BTC/USD pair will continue towards the second target at 84k (a new target is around 91k in the long term).

Alternative scenario :

The breakdown of 50k will allow the pair to go further down to the prices of 30k.

Warning : Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Octubre, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback