Daily RSI and MACD suggest we might see some downtrend in next few days or at least some sidemoves between 55k and 65k (probably till end of october). BTC is still below long term MA (green line) on PI Cycle indicator and seems like it's preparing to test yet again short term MA (red line). BTC will not make parabolic move before testing from both sides long term MA (green line) currently at 85k. We are still quite far from long term MA (green line).
Comment:
As expected. We migh go to 50-52k area before any proper upmove, but if we won't hold 50k..... than bears enter stage in longerm.
Comment:
So far so good. Question is if 58k holds this week. If not we should prepare for long position from 50-52k area.