Good Night!!!

Analysis $BTC 10/18/2024
#BTC, it's really unbelievable what Bitcoin has been doing for so many consecutive days of increases, and look at how we're seeing a firm and confident increase with setbacks and advances soon after.

Earlier today I posted that Bitcoin's setback was normal and that we would probably find support at $67,400 to attack the blue band around $68,400 again (which is what happened), and right now we're already breaking that region. Of course, we have a hard time getting past this entire blue band because the spot SELLERS are acting here, and some SELLERS at PERP are already starting to sell here thinking about a pullback to $65K,500, so we have some difficulty getting past here.

However, I don't see this area as strong resistance, and AGAIN we've reached an important region very close to the weekend, and that's something I particularly don't like. So, I would like to see the price rise above $70K, even if just a little... Why? Simple, there are big SELL ORDERS there, and a quick jump from here will force these big orders to close and thus let the price work above $68k during the weekend until we can start the new week and continue our climb to $73K.

The spot buyers are the ones responsible for the price rise and for sustaining it here, so this is a great sign. The big SELLERS that are still in this region below $70K will not stay for much longer, and as soon as they give up on these prices, we will continue the climb. The vast majority of them have already started to reopen their big sell orders at $73K and a little higher, which is more realistic.

We are at a good level, but we are practically at the weekend, so I will expect that we will soon have some lateralization here.

If you didn't take advantage of the opportunity to buy good Altcoins at cheap prices, you're the only one to blame!

* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.