Bitcoin Trend Analytics October 25
Yesterday BTC held intraday support, which creates conditions to challenge the battleground. It’ll keep chopping. Breaking down the support would bulls need to recover its strength.
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The formulated data is within a sideway consolidation, waiting for a breakout.
The consolidating range now is between $20769.83-$18826.36, center at $19032.92.
Before breaking up $19985.96, BTC is under pressure. Taking hold of it for 24 hours will short-term bulls lead a rally.
The market expected interest rate hike in November: 75bp(95.5%),50bp(4.5%)
Interest rate hikes are expected to slow down from December.
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The formulated data is within a sideway consolidation, waiting for a breakout.
The consolidating range now is between $20769.83-$18826.36, center at $19032.92.
Before breaking up $19985.96, BTC is under pressure. Taking hold of it for 24 hours will short-term bulls lead a rally.
The market expected interest rate hike in November: 75bp(95.5%),50bp(4.5%)
Interest rate hikes are expected to slow down from December.
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