Technical Analysis for BTCUSD for 28th October 2022
Bitcoin Slow Down but BTC Upsides Valid as Traders Eye $23k
Past Performance of BTC
Bitcoin Technical Analysis
What to Expect from BTC
There are signs of refreshing recoveries even though BTC is capped within a bear formation from a top-down preview. Still, the surge of early this week pointed to strength and a foundation for a possible anchor towards $23k in the short term. Dumps below $20k and $18.5k invalidate this preview, paving the way for even more liquidations in the short term.
Resistance level to watch: $23k
Support level to watch: $20.k
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