crypto_market_observation_featured

Crypto Market Observation 25.10.22
BTC/USD

Despite the bearish sentiment, BTC has been holding below the 20,000 level for some time and we could soon see some Bears start getting nervous, as we break through the downtrend line.

If we start to spike up from here, a rally towards 28-32,000 could be possible in a relatively thin market. If you risked a break into new lows, a couple of thousand points below current levels, the risk/reward ratio is quite attractive.

*Market Observations are NOT trading recommendations*

About SGT

SGT is a multi-asset trading and investment specialist; setting the standard since 2006.

Risk Disclaimer

CFDs, FX, Crypto and any other leveraged products are complex instruments and come with a high level of risk of losing money due to the leverage used in these products. You should consider whether you understand how any product you trade or invest in is suitable for you, and whether the risk involved in trading or investing into these products is acceptable.

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