Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Reached Its Highest Peak in 2 Months – Will the Rise Continue?
by
philipma1957
on 21/10/2023, 16:27:46 UTC
It would be great if the price was above $32,000, but the price is now in the same price range, which has a peak at 31,600 and a low at 25,800, which means that we are trying to test the resistance point and moved away from the support point, but nothing has changed.
The price momentum and trading volumes do not seem sufficient for the price to break the $32,000 barrier, so it seems that nothing will change during the current month.

that would mean from now til say feb we will go close to 45-48 k

Technical analysis indicates that we will quickly be at 43k if we break the 32k so until February it seems realistic.

it matches really closely to my miner analysis. which makes sense since mining is the underlying foundation of btc.