Bitcoin passed the highest range in its trading history!



10/2/20220 min read

Yesterday, Bitcoin passed the highest range in its trading history. Yesterday's Bitcoin candlestick remained unchanged, forming a full-range candlestick with a small body and long shadows, and the price of Bitcoin is below the resistance range of $19,300 to $19,445. If this level becomes support again, we can expect Bitcoin to grow in the short term. But if a negative reaction accompanies the resistance, there is a possibility that the price will fall towards lower supports. Due to the formation of a higher ceiling and floor, price growth is possible. On the other hand, the price remaining near the main medium-term support of Bitcoin has increased the probability of failure. So, until a strong sustained movement is observed in the 4-hour time frame, trades can be very short-term with small profit limits and small loss limits.