Swiss bank Dukascopy bets Bitcoin should attest new highs mid-late October

[RSRS]

On Wednesday, September 15, Swiss forex bank Dukascopy addressed the next Bitcoin (BTC) price prediction and technical analysis for October 2021 based on its hourly, daily, and weekly charts.

In a technical analysis-focused video, Jean-Francois Owczarczak, director of FinGraphs, suggested that the Nasdaq is related to cryptocurrency and that both their weekly and daily graphs show a total uptrend. However, he noted that the Nasdaq’s risk index on both the weekly and daily graphs is getting overbought.

Hence, this might lead to some correction in the Nasdaq and growth trades, which may result in some regression in Bitcoin and other cryptocurrencies in the next few weeks; that said, the uptrends are still in place, and we would expect further upside into next spring on both Bitcoin and Ethereum (ETH).

More Information