$BTC 31/10/2025
We are starting the new monthly candle on #BTC, and we are above $109.6K, which was where we needed to recover today, we did that. Of course, it wasn't the type of candle we would have liked to print, but it was what we had... let's work with that.
We need to maintain this support definitively, notice that we tested this region for more than 3 consecutive candles (4h), these should be the last 4h for us to finally decide the direction here.
I believe we will make one more attempt to recover the region of $112K, it seems we will have a weekend with some relief in prices.
It may seem controversial here, but I am expecting BTC dominance to start falling as soon as the price recovers $112K, which would obviously cause Altcoins to outperform Bitcoin in this recovery.
No big news for now, until we have the price recovering $112K initially, the BULLS will need to work harder.
Keep advancing level by level and keep things simple;
We recovered $109.6K, now we need to keep the price above that and targeting $112K... it would be nice to achieve a recovery above that by Sunday.
In my opinion: We will make a new ATH in November and we are moving towards that here.
If you are on the sidelines, then it’s better to wait for the value of $116 thousand to be clearly broken before acting.
The interest is completely turning to the WEEKLY close on Sunday, stay alert there.
New ATH in November!
We are starting the new monthly candle on #BTC, and we are above $109.6K, which was where we needed to recover today, we did that. Of course, it wasn't the type of candle we would have liked to print, but it was what we had... let's work with that.
We need to maintain this support definitively, notice that we tested this region for more than 3 consecutive candles (4h), these should be the last 4h for us to finally decide the direction here.
I believe we will make one more attempt to recover the region of $112K, it seems we will have a weekend with some relief in prices.
It may seem controversial here, but I am expecting BTC dominance to start falling as soon as the price recovers $112K, which would obviously cause Altcoins to outperform Bitcoin in this recovery.
No big news for now, until we have the price recovering $112K initially, the BULLS will need to work harder.
Keep advancing level by level and keep things simple;
We recovered $109.6K, now we need to keep the price above that and targeting $112K... it would be nice to achieve a recovery above that by Sunday.
In my opinion: We will make a new ATH in November and we are moving towards that here.
If you are on the sidelines, then it’s better to wait for the value of $116 thousand to be clearly broken before acting.
The interest is completely turning to the WEEKLY close on Sunday, stay alert there.
New ATH in November!