Expert analyst Peter Brandt warned on October 26th that,Bitcoin2024BitcoinBitcoinBTCBitcoinFaced with resistance of $35000, the bulls did not give up. This indicates that buyers may soon try to continue the upward trend
Expert analyst Peter Brandt warned on October 26th that,Bitcoin2024Bitcoin
BitcoinBTC
BitcoinFaced with resistance of $35000, the bulls did not give up. This indicates that buyers may soon try to continue the upward trend. The relative strength index (RSI) in the overbought region supports the risk of further increases. This indicates that there may be slight adjustments or consolidation in the short term. If the price drops below $33679, the BTC/USDT currency pair may be retested at $32400, followed by $31000.
However, it is uncertain whether the overbought level of RSI will trigger a correction. Sometimes, during the process of reversing from a bearish trend to a bullish trend, RSI often stays in the overbought area for a long time. This is because buyers continue to accumulate during each intraday decline. If the price rises from the current level and exceeds $35280, it may indicate the beginning of the next upward trend. Subsequently, the currency pair may soar to $40000.
Ethereum (ETH)
10 26 1,855 20 RSI 1,746 ETH/USDT 1,855 2,000 1,746 20 Peter Brandt BitcoinBitcoin 1,855
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