Bitcoin exchange rate forecast for October 22, 2018

Passed another small attempt to recapture the position. It did not bring anything significant, but it gave an opportunity to assess the volumes and consider the situation a little larger.

If, as is customary at the end of the year, to consider the diagram as a whole, you can see that not only the local triangle ends, but the global one with the maximum height of points as early as 2017. Moreover, the peak that occurred last week due to problems with the USDT, the resistance line was pierced. Moreover, the retest, that is, the rebound from a previously broken position, seems quite convincing. If you believe the charts - this is a foreshadowing of the global trend change to upward - albeit not active enough due to the minimal volatility, but sure. If you believe this idea, the last months of this year, the price of Bitcoin will rise regardless of the news background.

For the next day, however, the forecast is negative. A small rollback, judging by the technical indicators, has already matured. The new week will provide data for a more specific forecast.