Short-term market trends can be bullish!



10/24/20220 min read

Yesterday we saw good growth in the digital currency market. Bitcoin made an upward move by fake breaking the $19,150-$19,100 range (which I predicted yesterday), and a move toward the 19,300 resistance was more likely to break it. Also, the downtrend line inside the channel turned into support, and Bitcoin hit the previous ceiling resistance at $19,650. Considering that this area is also an important resistance, and on the other hand, a positive reaction to the $19,300 range has been observed, there is a possibility that a small range trend will be observed in this range. But still, the short-term tendencies of the market could be bullish as long as the support of Bitcoin is maintained in the $19,100 range.

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