1. This weekly close (18th Oct) is important, if we close below 82500 panic over a fake out is high.
2. Fed may not hike rates due to midterm and if fed holds the same rate, BTC bounce back wherever it is on 28th Oct.
3. Then ppl who were bullish may try to sell off near 82500 ranges and it creates selling pressure.
4. Then finally it may face a price capitulation into lower ranges and from there we may go higher and higher.
2. Fed may not hike rates due to midterm and if fed holds the same rate, BTC bounce back wherever it is on 28th Oct.
3. Then ppl who were bullish may try to sell off near 82500 ranges and it creates selling pressure.
4. Then finally it may face a price capitulation into lower ranges and from there we may go higher and higher.