empty
 
 
10.05.2024 03:47 PM
Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024: buy above $62,500 (21 SMA - 4/8 Murray)

This image is no longer relevant

Bitcoin (BTC/USD) is trading around 63,207, above the 21 SMA, and within the uptrend channel forming since April 30.

On Thursday, the crypto reached the low of 60,500, the level that coincided with the bottom of the uptrend channel which gives us a positive outlook for Bitcoin as it could continue its rise in the coming days and reach 5/8 of Murray located at 65,650. Eventually, it could reach the top of the uptrend channel at about 67,500.

In case Bitcoin makes a technical correction in the next hours, this could be seen as an opportunity to buy. If BTC consolidates above 62,500, it will be seen as a good point for our buy orders.

In case Bitcoin falls and tests the bottom of the uptrend channel around 61,300 and a technical rebound occurs above this area, it will be a clear confirmation for a resumption of the bullish cycle. Thus, we could buy above 61,500 with targets at 65,625 and at $67,000.

Bitcoin could lose its positive outlook if it falls below $61,000. Additionally, Bitcoin could gain more bullish strength if the price consolidates above the 200 EMA located at 63,756.

For this weekend, we expect a positive scenario for Bitcoin. For this, we could pay attention to the level of 63,756 since Bitcoin could easily exceed this area and reach $68,750.

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 Junio, 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