Bitcoin (BTC/USD) Daily Chart Analysis For Week of Nov 4, 2022
Technical Analysis and Outlook:
Bitcoin has completed the retest of our Mean Sup $20,300 (As sown on Bitcoin Daily Chart Analysis For the Week of Oct 28) and, as a result, pushed a breakout via Mean Res $20,800 heading towards our designated Outer Coin Rally $22,200 and Mean Res $22,500. The down path shows us a retracement to Mean Sup $21,160 and beyond in the foreseeable future.
Bitcoin has completed the retest of our Mean Sup $20,300 (As sown on Bitcoin Daily Chart Analysis For the Week of Oct 28) and, as a result, pushed a breakout via Mean Res $20,800 heading towards our designated Outer Coin Rally $22,200 and Mean Res $22,500. The down path shows us a retracement to Mean Sup $21,160 and beyond in the foreseeable future.