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Is Bitcoin actively out of hibernation and ready to perform the feats of the old days?


Good afternoon!

Bitcoin, finally, broke out of the narrow flat and confidently broke through the “psychological” level of 20,000, which is now actively fixed. The scenario for today is a possible return to the broken horizontal, followed by a rebound upwards, towards the resistance level of 25000:

Oil is trying to rebound from the level of 91.50 and the broken local downtrend. In principle, the option of achieving “hundredths” looks quite interesting in the short term. But it is worth noting that the same level of 100 can also become an interesting resistance:

Is Bitcoin actively out of hibernation and ready to perform the feats of the old days?

The S&P 500 index touched the 3900 horizontal, and almost reached the point of intersection of the downward channel and 50% of the last downward movement. The base scenario at the moment is a rebound from the indicated lines and a direction to the south, towards the support level of 3578:

Is Bitcoin actively out of hibernation and ready to perform the feats of the old days?

Oleg Svirgun, analyst at the brokerage company Tickmill

27.10.2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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