Week ahead: Bitcoin's rebound is real, but it's slowing 📊
BTC enters the week near $83K and ETH near $2,500. Per CaptainAltcoin's technicals, BTC's short-term momentum has turned positive since the Oct 8 low: short RSI ~60, MACD above its signal line. But the histogram bars are shrinking, meaning the recovery is losing pace. The longer RSI sits near 50, so the bigger picture is still neutral.
ETH is weaker: short RSI ~52, longer reading ~44. That fits the nine straight days of ETF outflows.
Dates to note: Thailand's crypto ETF rules take effect Oct 16 (BTC and ETH only in phase one).
My read: this looks like consolidation, not a breakout yet. Not a prediction, just what the indicators show.
Does BTC retest the ~$87K early-October high, or does momentum fade first?
$BTC $ETH
#bitcoin #Ethereum #CryptoMarket
BTC enters the week near $83K and ETH near $2,500. Per CaptainAltcoin's technicals, BTC's short-term momentum has turned positive since the Oct 8 low: short RSI ~60, MACD above its signal line. But the histogram bars are shrinking, meaning the recovery is losing pace. The longer RSI sits near 50, so the bigger picture is still neutral.
ETH is weaker: short RSI ~52, longer reading ~44. That fits the nine straight days of ETF outflows.
Dates to note: Thailand's crypto ETF rules take effect Oct 16 (BTC and ETH only in phase one).
My read: this looks like consolidation, not a breakout yet. Not a prediction, just what the indicators show.
Does BTC retest the ~$87K early-October high, or does momentum fade first?
$BTC $ETH
#bitcoin #Ethereum #CryptoMarket