Crypto Market Watch: Key Events for the Upcoming Week,


18 Sep 2023 4:33 AM

Amid crypto markets seeing slight recoveries from massive sell-offs, recent chart analyses reveal a potential uptrend for the king of cryptos, with it...

  • Qadir Ak is the founder of Coinpedia and has been covering the blockchain and cryptocurrency space since 2010.
  • Recent chart analyses suggest a potential uptrend for Bitcoin, with a possible price target of $31,000.
  • Traders should be cautious of the TD Risk Line at $24,500, as it is a key point that validates the predictions.
  • The forthcoming week is filled with events that could impact Bitcoin's value, including the Federal Reserve's announcement on the Federal Funds Rate and the release of Unemployment Claims data.
  • Bitcoin recently surpassed its 20-day exponential moving average, indicating a potential loss of downtrend momentum.

The article provides a positive outlook for Bitcoin, highlighting potential price increases and positive market indicators.

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You May Ask

Who is Qadir Ak and what is his experience in the cryptocurrency space?What are the potential price targets for Bitcoin according to the chart analysis?What is the TD Risk Line and why is it important for traders?What events in the forthcoming week could impact Bitcoin's value?What recent development suggests a potential loss of downtrend momentum for Bitcoin?

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