Bitcoin: Something Big Is Brewing

Oct. 18, 2022 6:16 PM ETBitcoin USD (BTC-USD)119 Comments

Summary

  • Bitcoin has been very quiet over the last month, but history suggests we are in for a volatile week.
  • Bitcoin is due for a break-down or a break-out.
  • Ultimately, I favour the idea that one more low is in the cards.
  • Looking for a helping hand in the market? Members of Technically Crypto get exclusive ideas and guidance to navigate any climate. Learn More »

Man Getting Sick On A Rollercoaster

DNY59

Thesis Summary

Bitcoin (BTC-USD) has barely moved over the last few weeks. However, historical evidence suggests we could see some wild price swings this week. This could come in the form of a relief rally, a final capitulation event, or even an impulsive

S&P and BTC

S&P and BTC (TradingView)

BTC volatility

BTC volatility (TradingView)

BTC 2018 vs 2022

BTC 2018 vs 2022 (TradingView)

BTC EWT Count

BTC EWT Count (TradingView)

BTC bull case

BTC bull case (TradingView)

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