Bitcoin at a critical level October 15 2022

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Binance

The cryptocurrency market still continue too struggle as the FED'S still continues to tighten the economy forcing all risky assets to dump in price, most expert are expecting retracement too $16000 rejoin as that's it's where the major area of interest is at the moment at the bears will like too test that support too see if it would hold.

The RSI of for the 6, 12 and 24 period is almost at pivot at 35% with sell volume increasing and momentum of trade and Bollingan band driving down, expecting the market too move down tomorrow as the market still respect the trend line drawn from the all time high at $60000 which cut a cross all the highs shows weakness, if the trend line is broken we can say the bear market is over and start preparing for a new bull run... Till then trade carefully.
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15/10/2022
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