Bitcoin prices have tapped their highest levels for six weeks but can momentum be maintained as we head into the traditionally bearish month of October?
Analyst ‘CrediBULL Crypto’ said, “Every higher timeframe impulse starts with a lower timeframe impulse.” He added that BTC is not done yet and expected a move higher, which came on Monday morning.
“So, while we hold above the mid-range our next target is the range highs, with a first sign of weakness on a loss of the mid-range and clear invalidation right below that at the origin of this low timeframe impulse.”Weekly and daily moving averages are currently situated at the $28K price level, exactly where the asset is at the time of writing. BTC hit $28,141 during Asian trading on Monday morning and remains above $28K at the moment.
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