BTCUSD’s Next Move: Potential Bullish Surge Amid Geopolitical Uncertainty (18-09-2024)
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Bitcoin (BTC) is currently trading at $59,400, with a potential upward movement if it stays above the $57,400 support level. The next targets are $61,000 and $64,000, but if the price falls below $56,000, the outlook may change. The geopolitical environment poses risks, making it crucial for traders to remain cautious and wait for clearer signals before entering positions.
Advice :
Trade cautiously amid uncertain geopolitical conditions, and ensure you do not risk more than 2% of your principal on any position.
Conclusion :
While Bitcoin shows bullish potential, geopolitical factors make it essential to manage risk carefully. Focus on key price levels and be prepared for market volatility, waiting for a confirmed breakout before making significant moves.