Swiss bank Dukascopy speaks for Bitcoin

Uğur Bayram

Sep 15, 2021

Swiss bank Dukascopy gave its views on bitcoin analysis on Wednesday.

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Swiss bank Dukascopy gave its views on bitcoin analysis on Wednesday.
FinGraphs director Jean Francois Owczarczak pointed out that the Nasdaq is all about cryptocurrencies and the charts are on the rise.
According to Jean Francois Owczarczak, it could lead to a correction in the Nasdaq and growth trades. If this correction takes place, cryptocurrencies may decline a little in the coming days.
Looking at Bitcoin in detail, Owczarczak said:
“The weekly chart is still in an uptrend, saw strong correction at the beginning of summer and has seen a nice rebound since then, we believe this consolidation range is still on track and at some point mid-October maybe to November. It needs to find support to push higher prices and prove the highs it made this spring. The risk index is still quite low, which leaves some headroom on the upside.”
And he added:
“Our view is that it could possibly return to below $40,000, maybe $35,000 in the next month or perhaps the next few weeks, and then gradually start to rise through October and November, then accelerate into next spring. Our view is that by then Bitcoin can really hit new highs.”

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