Long Bitcoin | Trade of the week

This week, we're going long Bitcoin, as price bounces off the support zone established in early August around $62,500. With Bitcoin holding above recent lows and beginning to push above last week's high, the setup points to a potential move back towards the 200-day simple moving average at around $69,200. We're buying at current levels with a wider stop below the 6th July low at $61,340 and an upside target at $69,100. 👉 In this video: ✅ Why we're going long Bitcoin ✅ Key entry, stop and target levels ✅ The technical case for a move back to the 200-day moving average #Trading #Bitcoin #Crypto #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://upl.inc/k4gg8x Your capital is at risk. 69% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.