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ðĶ BTC Outlook Oct. 27
Lines on charts
Bitcoin/USD weekly
âĒ We're in a rough area ATM
âĒ Volume is low and trending down
âĒ RSI looks to retest the previous trend line
âĒ we may also be in an upward channel but this is a leg down
âĒ on the weekly, you have to back to May 2020 to see more than 2 red weekly candles
so...
I think we see a pullback to $55,800 and possibly further to $52,500 by EOW. But, next week should push back up. Need that volume to come back though...
Bitcoin/USD weekly
âĒ We're in a rough area ATM
âĒ Volume is low and trending down
âĒ RSI looks to retest the previous trend line
âĒ we may also be in an upward channel but this is a leg down
âĒ on the weekly, you have to back to May 2020 to see more than 2 red weekly candles
so...
I think we see a pullback to $55,800 and possibly further to $52,500 by EOW. But, next week should push back up. Need that volume to come back though...
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