Bitcoin volatility has been on an uptrend since October 10 bottom. This uptick in daily BTC volatility can be attributed to the US presidential elections
Bitcoin price enjoyed a strong rally in October, setting up a higher low on the daily chart. The price breached the 200-DMA (daily moving average) and arrived at a crucial resistance zone, as highlighted on the daily BTC price chart.
The price bounced off the 200-DMA and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 0.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at the upper Bollinger Band, setting up a squeeze on the daily chart. This squeeze is a sign of strong buying pressure, and it usually leads to a breakout.
The price breached the upper Bollinger Band and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 0.786 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 1 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 1.27 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 1.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 2 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 2.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 3 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 3.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 4 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 4.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 5 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 5.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 6 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 6.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 7 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on the daily BTC price chart. This zone coincides with the 7.618 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a key resistance level, as highlighted on the daily BTC price chart. This level coincides with the 8 Fib level, making it a confluence resistance level.
The price breached this confluence resistance level and arrived at a strong resistance zone, as highlighted on
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