BITCOIN ANALYSIS TODAY (October 27) - PREPARATION FOR PUMP
Over the past 24 hours, Bitcoin price fluctuated wildly, surpassing $20,000. Currently, BTC price is benefiting from the weakening USD price.
On the world market, the USD price is trending slightly lower, after PMI data from S&P showed that US business activity was not very positive in October, the latest evidence of a weakening economy. in the face of high inflation and high interest rates.
BTC trading volume reached about 61.7 billion USD, market capitalization at 396 billion USD. In the past 24 hours, the green color has returned to most large-cap cryptocurrencies. In which, ETH increased 14%, BNB increased 6%, XRP increased 4.4%...
The total market capitalization thus increased 7.1% to 995 billion USD.
About technical analysis
BTC price broke above the W-shaped pattern, as did the bearish crossover trendline. Currently, the main pressure is up.
Support 20300 - 20500. D1 frame touches EMA 89, is expected to test around 20400 - 20600 and rise further to 21300 - 21500
On the world market, the USD price is trending slightly lower, after PMI data from S&P showed that US business activity was not very positive in October, the latest evidence of a weakening economy. in the face of high inflation and high interest rates.
BTC trading volume reached about 61.7 billion USD, market capitalization at 396 billion USD. In the past 24 hours, the green color has returned to most large-cap cryptocurrencies. In which, ETH increased 14%, BNB increased 6%, XRP increased 4.4%...
The total market capitalization thus increased 7.1% to 995 billion USD.
About technical analysis
BTC price broke above the W-shaped pattern, as did the bearish crossover trendline. Currently, the main pressure is up.
Support 20300 - 20500. D1 frame touches EMA 89, is expected to test around 20400 - 20600 and rise further to 21300 - 21500