Crypto Correlation: Comparing Bitcoin And The S&P 500 Flat Correction

In this episode of NewsBTC’s daily technical analysis videos, we are once again examining a possible expanded flat correction in Bitcoin. Once the correction has completed, the bull market could resume. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 18, 2022 In addition to the video highlights listed below the video, we also analyze BTCUSD using the Ichimoku, Bollinger Bands, SuperTrend, TD Sequential, and other technical tools. Related Reading: A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022 Three Strikes: BTCUSD Rejected From....

Comparing past crypto cycles shows there is a clear pattern, and Bitcoin seems to be nowhere near the top right now. Bitcoin researcher Dor Shaher has pointed out on Twitter that there is consistency in the way correction periods have played out in previous cycles. Bitcoin Price Growth Since Cycle Low Here is a chart […]

Altcoin prices have stopped at their respective key levels, after moving along upward trends. Such stops could provoke prolonged downward corrections. ETH/USD. Ethereum has continued its upward trend. A turn at a key level of $9.7 did not happen. Thus, Ethereum’s price has formed a powerful upward momentum, reaching the maximum of March. At this point, a flat is forming. For a deeper correction to continue, Ethereum’s price has to exit that flat. The market will decide on the direction of the next wave at the level of $12.9. Either the whole downward movement is a correction toward the....

The Bitcoin price broke above $75,000 earlier this week, marking the highest level for the pioneer cryptocurrency for over one month. But while this move has led to an improvement in the overall investor sentiment, it could end up being a trap. This is called out by analyst TheOnePct, who explained that the correct move could end up being part of a larger Flat correction that began years ago. In this case, it would only be a matter of time before the Bitcoin price falls again. Bitcoin Break Confirms Structural Weakness The analysis follows the Bitcoin price movement since 2021, expressing....

Bitcoin has formed a flat above a key level. The probability of the movement continuing is increasing. The main trend is upward. The current upward trend has not been disrupted yet. Bitcoin’s price has formed a flat above the $518 resistance line. The resistance, which we have found earlier, has been confirmed several times already. These upward rebounds from $518 do confirm that there is a correction towards the upward trend. The market is nearing a resolution, as the probability of a new trend grows with a new wave of the flat. Bitcoin’s price reaching a new diagonal channel is also....