Graph – BTC Projection (10-15-2021)

4-hour chart of BTCagainst USD(own elaboration in Tradingview), at a price of $62,539.

It is clear the sustained bullish behavior in the second week of October, after a month of consolidation, where the $56,000 and $58,700 resistances were strongly overcome. The pennant drawn on the chart projects us to $68,300, where it must first overcome the ATH of $64,841, which translates into the new technical resistance. Both the relative strength index and the MacD indicator remain in a trigger position. We will keep you updated on further developments.

Juan Carlos Araya

Founding Partner and Fund Manager DIG Fund