Bitcoin Price Analysis Sep.28: Bullishness ahead of CME futures exp?

Bitcoin Price Analysis Sep.28: Bullishness ahead of CME futures exp?

Since our previous BTC price analysis, Bitcoin has completed a decent bull run surpassing 50 and 200 days moving averages’ resistance at $6530 and $6670, and is now consolidating on top the ascending trend-line.

Later today, at 15:00 UTC, CME’s futures expiration will take place. Since opened on December 2017, CME is the bigger futures exchange our of the two (CBOE is the second). This event can have a major effect to either side. Here is a Bitcoin 1-Minute chart from the last expiration event:

 

Now what?

Bitcoin Prices: BTC/USD BitFinex 4 Hours chart

Cryptocurrency charts by TradingView. Technical analysis tools by Coinigy.

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article