BulletBot-v2.0
10/12/2022 - 10:03:00 (UTC)
Bitcoin Bullets . Market Analysis
October 12, 2022
TECHNICAL (4H)
BTC just reed its $19,225 key mid term level as resistance a couple of hours ago, with no success is breaking and/or closing above it. We're currently trading in a relatively dangerous zone, at least until we see a daily close above this level, which would likely build up enough lower time frame bullish momentum for a move up to at least $20,500. Break below, and we're likely seeing further mid term collapse.
SENTIMENT
Mid and long term sentiment have seen absolutely no changes over the last week, even with the bulls gaining short term strength towards $19,000. Short term sentiment has seen a considerable lower time frame drop after reaching below our mentioned key level, which is currently seeing signs of a halt, if new buyers start to step in.
