Quote from: xxxx123abcxxxx on October 22, 2022, 01:44:48 PM

Quote from: CookieFactory on October 22, 2022, 01:10:37 PM

I would expect a pretty substantial bounce from here, something more than one's typical bear market rally or at least the start of such. There's a myriad of reasons - sentiment is far too negative, buy-back blackout period ending, Federal Reserve dovish hints, earnings will be better than expected, DXY rolling over, negative divergence on 2 year yields, seasonality, etc etc. I think we need S&P ~4000 before general risk appetite returns and results in a Bitcoin breakout.

The US mid-term elections are two weeks away and it does appear the global markets may have bottomed.

A move beyond the 04-OCT high of ~$20,500 in BTC/USD ought to begin momentum favouring the bulls.

Looking good!