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#BTC Let's see how Bitcoin reacts from ~$76800 After all - "any lesser rally than the mid-September uptrend originating from this local ~$76800 support would be a sign of weakening support" If Bitcoin produces a weak bounce but rejects from ~$78300 then that's a weakening support
Read statement & evidence →#BTC "If the 3-Day bearish retest is successful once again on this occasion, that could see price go below the recent local lows of ~$76000" Indeed, the 3-Day bearish retest was successful and price could very well go below ~$76000 $BTC #Bitcoin
Read statement & evidence →#BTC There's the bearish retest confirmed Bitcoin has performed three consecutive Weekly bearish retests, turning old supports into new resistances $BTC #Bitcoin
Read statement & evidence →#BTC Bitcoin couldn't remove the weakness at $82.5k Bitcoin has since retraced more in an effort to further develop the Right Shoulder within the Macro Accumulation Range $BTC #Bitcoin
Read statement & evidence →#BTC Bitcoin has produced a marginal Weekly Close below ~$78300 (blue) and is positioned for a bearish retest In fact, price is already finding resistance at this level This recent Weekly Close, though subtle, resembles the same technical predicament as this past May (red circle)
Read statement & evidence →Bitcoin's price moves on fear and greed long before it moves on fundamentals The free TA Blueprint covers the market psychology behind the candles so the chart starts to make sense Download it free: #BTC $BTC #Bitcoin
Read statement & evidence →#BTC Bitcoin has tagged the Right Shoulder support level analogous to the 2023 cycle (orange) The question now is whether Bitcoin can produce some sort of downside deviation below here over the next few weeks $BTC #Bitcoin
Read statement & evidence →#BTC Bitcoin is soon going to test whether ~$78500 will act as a new resistance after being lost as support recently Over the previous two times that Bitcoin 3-Day Closed below ~$78500 (May and September), the bearish retests were both initially successful In May, Bitcoin dropped
Read statement & evidence →#BTC "Any rebound into that level and rejection from there would likely figure as a bearish retest to turn that level into new resistance" The rebound is now underway Bitcoin is bouncing in an effort to check if the 3-Day level of ~$78500 (black) is going to flip into new resista
Read statement & evidence →#BTC The new Bitcoin Monthly Close is in Key takeaways are: - Bitcoin has failed its post breakout retest of $82500 (blue Range High) - However, Bitcoin has Monthly Closed above the Range Low of ~$76300 to preserve the Monthly Range - The October Monthly Close is closer to a Bear
Read statement & evidence →#BTC Bitcoin is mere hours away from the upcoming new Weekly Close and price is still below the Weekly level of ~$78200 A Weekly Close below ~$78200 could position Bitcoin for yet another bearish retest, akin to May 2026 (red circle) $BTC #Bitcoin
Read statement & evidence →I share price analysis on Bitcoin and Altcoins every Monday, Wednesday & Friday in my newsletter 90,000+ people read it for practical guidance to better understand and navigate the Crypto market in real-time Join for free here: #BTC #Crypto #Bitcoin
Read statement & evidence →#BTC "Generally, Bitcoin has been on a proverbial roll when it comes to losing old supports and positioning to turn them into new resistances" The Bitcoin Newsletter from Monday makes for very interesting reading given recent downside $BTC #Bitcoin
Read statement & evidence →#BTC Bitcoin sell-side volume has gained momentum as of late but still remains below-average and not yet close to capitulation levels that tend to occur at price bottoms $BTC #Bitcoin
Read statement & evidence →#BTC Since turned the 3-Day level of ~$81400 into new resistance, Bitcoin entered downside continuation And most recently, a new 3-Day Close took place below ~$78500 (black) Any rebound into that level and rejection from there would likely figure as a bearish retest to turn that
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