CBelan

Crypto enthusiast, Dogecoin whale.

[𝙲𝚘𝚕𝚒𝚗 𝚃𝚊𝚕𝚔𝚜 𝙲𝚛𝚢𝚙𝚝𝚘 @ColinTCrypto]

This is how I'm currently guessing $BTC's price action will play out.

$BTC is in pretty oversold territory at the moment. It seems like some pretty methodical and consistent selling has been going on for the last week. Perhaps a large entity(-ies) unwinding their BTC position.

No one knows the exact place it will bounce, but the trajectory is getting *very* steep.

Such a sharp, extended drop, when it finally ends, may offer a V-shaped recovery bounce. This would be the relief rally everyone's been waiting for. Not new ATHs, but relief.

Shown are the 50 week MA, 100 week MA, 200 week moving averages.

PATH A: (bounce to ~$87k)
The 100 weekly MA seems the most likely place to re-test. It matches with the underside of the bear flag that BTC just broke down from. The 100 MA is around $87k.

PATH B: (bounce to ~$95k)
A month ago I had higher expectations that BTC would tag the 50 week MA again. It could still do so, but it seems less likely now that BTC's price has been pummeled to low levels. I am hopeful we can still revisit this MA. This target might be around $95k by the time BTC touches it.

So, it's looking to me like a bounce up to $87k-$95k is a good expectation over the coming 1-2 months.

Either way, I think BTC is very much due for a bounce, as soon as this selling is done.

[CBelan @CBelan1]

Bitcoin price: Michael Saylor's Strategy may have BlackRock to thank for 11% rise in Bitcoin | Fortune https://t.co/fhPlSnOO2b

[CBelan @CBelan1]

@Folgers so Folgers lost a 60 year customer today. They have obviously taken advantage of the inflation narrative and the tariff narrative. Their prices are outrageous compared to comparable products. Maybe I’ll see you again someday if you regain some integrity.

[CBelan @CBelan1]

Bitcoin Blasts Past $116K as 'Uptober' Propels Crypto Market Cap to $4T https://t.co/i7dVUkotkt

[Tesla Model Doge @TeslaModelDoge]

@cryptocom Dogecoinnnnn

[Tesla Model Doge @TeslaModelDoge]

Got a Great feeling about $DOGE right now 📈

[Coinvo @Coinvo]

UPDATE:

🇺🇸 GRAYSCALE JUST FILED WITH THE SEC TO CONVERT ITS DOGECOIN TRUST TO AN ETF!

[CBelan @CBelan1]

Dogecoin ETF Sees Strong Debut, But Rex-Osprey Is Already Plotting a Riskier DOJE Fund - Decrypt https://t.co/XUoF1BTfMD

[CBelan @CBelan1]

Grayscale submits revised S-1 for Dogecoin ETF as NYSE Arca seeks to modify firm's Ethereum trusts | The Block https://t.co/oyBtTUA96N

[CBelan @CBelan1]

US First-Ever XRP, DOGE ETFs Surpass Volume Expectations https://t.co/w2IRN18hxy

[CBelan @CBelan1]

XRP, Dogecoin ETFs among best debuts of the year with $55 million in combined volume | The Block https://t.co/woK13vMNqy

[CBelan @CBelan1]

From meme to mainstream: Dogecoin ETF DOJE begins trading | The Block https://t.co/8UaYmPraoC

[CBelan @CBelan1]

Dogecoin Is Still Here—And Now There's an ETF That Tracks It https://t.co/BYLJJepGAZ

[Atakan Altun Öz @Atakan_Altunoz]

DOGE DOGE DOGE DOGE 5 $

$DOGE #DOGE

[CBelan @CBelan1]

Thumzup Media Acquires 7.5 Million Dogecoin Tokens - https://t.co/8H59AgZmdY https://t.co/aDUXuU9e55

[CBelan @CBelan1]

SEC approves new exchange listing standards fast-tracking crypto ETF listings | The Block https://t.co/AMf8Ff7P0u

[CBelan @CBelan1]

Trump Jr.-connected Thumzup Media buys 7.5 million Dogecoin as it expands crypto treasury | The Block https://t.co/M0Mhz2i2mv

[CBelan @CBelan1]

CleanCore accumulates 500M dogecoin as part of treasury strategy (ZONE:NYSE) | Seeking Alpha https://t.co/UoqpRakOMh

[CoinDesk @CoinDesk]

FEDERAL RESERVE 🚨 The chairman overseeing U.S. Federal Housing, Fannie Mae, and Freddie Mac is calling on Congress to investigate Fed Chair Jerome Powell.