Hey Traders, FXPROFESSOR here! 🤟 Let's talk Bitcoin. It's been a rollercoaster, for indices hasn't it? 🎢 check my last Nasdaq chart here:
The Sideways Saga 🔄 Bitcoin's been moving sideways since August 23rd. Highs at 28,200 and lows around 24,900. Right now, we're smack in the middle at 26,430. 🎯 Major resistance/support is at 26,800. Will it break higher? 🤔(I think it will!)
The Chase Effect 🏦 JP Morgan Chase recently banned crypto transactions in the UK. 🚫 JP Morgan News Could this be a ploy to buy cheaper Bitcoin? 🤨 I think so, yes but also check the bonus link below)!
What's Next? 🤷♂️ If we break higher, aim for 28,990. 📈 If rejected, we could dip to 25,200 or even 24,800. 📉 Everything's up in the air. Let's see how the chase for cheaper Bitcoin pans out for JP Morgan and for us. 🕵️♂️💰