BTC Weekly Forecast 10-14 October 2022

BTC Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 10.75% for this week, falling from the 9.7% from the last week.
Currently there is around 17.2% that the asset is going to close either above or below the channel:
TOP 21325
BOT 17560

The current volatility percentile is around 50th, placing us in average risky environment. With this situations in general the market moves:
AVG weekly bull candle = 5.5%
AVG weekly bear candle = 7.4%


At the same time, there is currently a 70% that we will touch the high of previous weekly candle of 20500
and there is a 27% that we will touch the low of the previous week of 18881


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 80% agreement that the market is in a bearish trend ( the current price is below those moving averages)