BTC is looking for around a 10% increase for the week of October 16, 2023. On the weekly BTC met major monthly resistance in the $30,474. area. BTC will need to hold support in the $29,237. for any additional upside. If BTC cannot hold the $29,237. area as support we are watching for a possible completion of a H/S formation. Taking place over the next several weeks with the neckline in the $25,921. area.
Chart PatternsTechnical IndicatorsTrend Analysis

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