Bitcoin / Tether

BTC Update (Revisit to 8th October Analysis)

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1. As per yesterday's expectations, BTC Dominance has played its part
2. The Wedge pattern, played its part from the upper side touching $57,049 respecting the crucial local resistance.
3. BTC has respected 0.786 at Global Fibonacci retracement pattern. Next extreme point is at $59,730
4. As per BTC.D it's highly likely that BTC we will go a bit corrective and respect $51,130 to $53,009.
5. At those levels it will be favorable to longs Alts temporarily as it will give them a room to pump and rallying up till $59,730.
6. Fear & Greed Index is still at: 71 (Greed)
7. In short term $3285 range is still in play for Ethereum



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