@finsignal · Post #3628 · 22/10/2024 09:27
🗓 A few notes about the market from analysts: 🟠 .Bitcoin retesting is in full swing right now. BTC is penetrating deeper into the old resistance area (red) to turn it into new support (green). → May drop to the top of the channel (black). → Successful retesting here -> resumption of growth. 🟠 .Bitcoin #Wyckoff on October 21st. 🟠 .Bitcoin vs Gold on October 21st. 🟠 .It is no coincidence that the BTC/IWM/QQQ ratio rejects a wedge breakout, while bitcoin shows a downward trend. The wedge should determine the direction by November 11th. 📝 $BTC price: 68,000 USD - the price is above all key levels of the STH Realized Price, which means that short-term investors, even those who bought BTC 155 days ago, are in profit. The key support levels are the values of the STH Realized Price: • 1H-1M: 62,638 USD • 1M-3M: 60,839 USD • 3M-6M: 64,144 USD
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