Bitcoin Trend Analytics October 12
Similar to the analysis yesterday, BTC is about to leave the channel and develop into new sideway patterns.
Yesterday BTC went down to test $18798.44, with short-term capital inflow. The price dropped with increasing fund outflow and in the next 5 hours saw small capital inflow. The latter is larger than the former, so the price is kept at this level. But the inflow is not enough to form a reversal at the moment.
Monitor this area - if the support is broken down, BTC could slide down. Set protections.
$19882.81 is still a battleground. Only by taking hold of it could it reach neutral or the movement is still bearish.
Now the price is pegged to 19k with shrinking volumes. BTC could possibly survive the release of CPI .
The market expected interest rate hike in November: 75bp(77.7%),50bp(22.3%)
Yesterday BTC went down to test $18798.44, with short-term capital inflow. The price dropped with increasing fund outflow and in the next 5 hours saw small capital inflow. The latter is larger than the former, so the price is kept at this level. But the inflow is not enough to form a reversal at the moment.
Monitor this area - if the support is broken down, BTC could slide down. Set protections.
$19882.81 is still a battleground. Only by taking hold of it could it reach neutral or the movement is still bearish.
Now the price is pegged to 19k with shrinking volumes. BTC could possibly survive the release of CPI .
The market expected interest rate hike in November: 75bp(77.7%),50bp(22.3%)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.