In this episode of NewsBTC’s daily technical analysis videos, we examine a possible bottoming scenario in Bitcoin price based on a potential expanded flat correction and an ending diagonal.
Take a look at the video below:
VIDEO: Bitcoin Price Analysis (BTCUSD): October 11, 2022
Bears and bulls are battling it out once again, each side trying to take control over daily momentum. Cycling through indicators like the Bollinger Bands and the Ichimoku show that Bitcoin isn’t looking very great at the moment. Only the Parabolic SAR is currently showing any type of indicator support below daily price action.
Why Bitcoin Could Spend Much More Time Moving Sideways
The LMACD shows that bulls still have the upper hand on the 3-day timeframe, and the last weekly candle closed with a confirmed bullish crossover on the same tool. The LMACD turning green from this le ..
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