📊 BTC Analysis - Oct 25.
The crypto market remains positive with recent news, including a fine imposed on BlackRock, indirectly suggesting investments in cryptocurrencies by the world's largest financial giant.
The ongoing uptrend is apparent. After establishing a local maximum, BTC is in an accumulation phase, preparing liquidity for further movement. While a correction to $33,500 is possible, the technical picture point to strong buyer dominance.
On lower time frames, most technical indicators have already exited the overbought zone, showing readiness for a continuation of the price rally.
💡 I believe that in the near future, we can expect BTC to consolidate above $34,400 with a subsequent retest of $35,000. If successful, the next target will be around $38,100.
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