$BTC 23/10/2025
We are doing a great job here with Bitcoin. We jumped from the green range we were in yesterday ($107K), and as I mentioned, the BULLS fiercely defended that region.
Even though many do not observe, we have a completely different price action than before, which quickly reached the EMA200. Notice that this time we spent around 16h testing the red region on the chart, which demonstrated some strength from the BULLS there; last time the price rose so quickly that we had no retest there, this difference in price action is extremely important, we have something stronger this time.
It is evident that tomorrow the IPC and PMI data are the game changers, but still... we have something different here.
The EMA 50 (4H) was inverted here, which is good for the bulls and opens some space for us to go up to $116K to test that region and move beyond it.
Notice that the EMA 200 (4H) will play an important role in the next movement, we cannot be rejected there again, and reversing that level is what will get us back to $123K and a new ATH in November. We will do this.
I think the bottom here was established in October and we can keep it that way, with no problems.
The RSI still gives us good space to continue upwards, in fact, what we need is just good data tomorrow.
Still the same thinking:
We should maintain support at $107K (done), then move to $109.6K (done) and, once maintained, we will quickly go to $ 123K.
We are doing a great job here with Bitcoin. We jumped from the green range we were in yesterday ($107K), and as I mentioned, the BULLS fiercely defended that region.
Even though many do not observe, we have a completely different price action than before, which quickly reached the EMA200. Notice that this time we spent around 16h testing the red region on the chart, which demonstrated some strength from the BULLS there; last time the price rose so quickly that we had no retest there, this difference in price action is extremely important, we have something stronger this time.
It is evident that tomorrow the IPC and PMI data are the game changers, but still... we have something different here.
The EMA 50 (4H) was inverted here, which is good for the bulls and opens some space for us to go up to $116K to test that region and move beyond it.
Notice that the EMA 200 (4H) will play an important role in the next movement, we cannot be rejected there again, and reversing that level is what will get us back to $123K and a new ATH in November. We will do this.
I think the bottom here was established in October and we can keep it that way, with no problems.
The RSI still gives us good space to continue upwards, in fact, what we need is just good data tomorrow.
Still the same thinking:
We should maintain support at $107K (done), then move to $109.6K (done) and, once maintained, we will quickly go to $ 123K.