๐ค #BTCLIVE - 30.09 ๐ค
TLDR:
Short-Term (-1 Day)
50:50- Bullish:Bearish
Mid-Term (1 Week+)
30:70
Bullish:Bearish
Long-Term (1 Month+)
60:40 - Bullish:Bearish
OVERVIEW:
We are at the end of a short term ascending triangle and just before options expiration so ultimately the direction we break out shoult deteremine the longer term target. Breaking out below $19.2k should put us on course for $18.5k and breaking above $19.7k should put us on course for $20.5k region. There is a longer term macro trednline that will prove extremely hard to break around this price and fully expected a heavy retrace. Ultimately there is a lot of positive news around BTC and the migration from FIAT to BTC is looking unprecendented at the moment, if it truly is deemed a hedge against inflation then it could well moon but we need to see some keey levels broken first.
Ultimately a lower low (below $17.5k) is still expected before the bull season fully gets under way and the macro trendline needs to break before getting a longer term bullish sentiment
TECHNICAL ANALYSIS:
+BULLISH FACTORS:
+ Eurasian Bank buys Bitcoin in first cryptocurrency transaction in Kazakhstan๐ฐ๐ฟ
+ Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets
cryptopanic.com...-value-plummets?utm_source...
+ Spainโs largest telco, Telefonica, now accepts Bitcoin payments!
+ MicroStrategy is hiring a Bitcoin Lightning Software Engineer
+ Ripple secures another win as Judge orders SEC to turn over Hinman documents
cryptopanic.com...inman-documents?utm_source...
BEARISH FACTORS:
- Netherlands ๐ณ๐ฑ Inflation hits 17.1% - a new record!
- Eurozone inflation hits 10% - the highest ever!
NEWS:
Bull:
+
Bear:
-
Volatility
* Options expiration on tomorrow
TLDR:
Short-Term (-1 Day)
50:50- Bullish:Bearish
Mid-Term (1 Week+)
30:70
Bullish:Bearish
Long-Term (1 Month+)
60:40 - Bullish:Bearish
OVERVIEW:
We are at the end of a short term ascending triangle and just before options expiration so ultimately the direction we break out shoult deteremine the longer term target. Breaking out below $19.2k should put us on course for $18.5k and breaking above $19.7k should put us on course for $20.5k region. There is a longer term macro trednline that will prove extremely hard to break around this price and fully expected a heavy retrace. Ultimately there is a lot of positive news around BTC and the migration from FIAT to BTC is looking unprecendented at the moment, if it truly is deemed a hedge against inflation then it could well moon but we need to see some keey levels broken first.
Ultimately a lower low (below $17.5k) is still expected before the bull season fully gets under way and the macro trendline needs to break before getting a longer term bullish sentiment
TECHNICAL ANALYSIS:
+BULLISH FACTORS:
+ Eurasian Bank buys Bitcoin in first cryptocurrency transaction in Kazakhstan๐ฐ๐ฟ
+ Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets
cryptopanic.com...-value-plummets?utm_source...
+ Spainโs largest telco, Telefonica, now accepts Bitcoin payments!
+ MicroStrategy is hiring a Bitcoin Lightning Software Engineer
+ Ripple secures another win as Judge orders SEC to turn over Hinman documents
cryptopanic.com...inman-documents?utm_source...
BEARISH FACTORS:
- Netherlands ๐ณ๐ฑ Inflation hits 17.1% - a new record!
- Eurozone inflation hits 10% - the highest ever!
NEWS:
Bull:
+
Bear:
-
Volatility
* Options expiration on tomorrow
