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Published 24 Oct 2026, 14:46 UTC · fetched 26 Oct 2026, 06:06 UTC
Michaël van de Poppe
@CryptoMichNL
Quoting · 22 Oct 2026, 20:00 UTC · context given to the AI
In terms of $BTC, it's kind of in nomansland, again. Last moves have been fueled by news, but from a technical standpoint, it wouldn't be weird if the markets will see a deeper correction. Just use the previous price action as an example. Twice we've seen liquidity to the upside been taken. Then, a fast, swift move down, before momentum started to turn and we've had the strong breakout and momentum back on #Altcoins. Ideally, if you'd want to look for longs, there are two spots that we'd be eager to go for. 1 - The sweep beneath $80,000 (which is between $78,400-79,700 as an area). 2 - The invalidation of this downwards pattern is when the markets are breaking up above $82,900. That would signal to me that we'll be taking out the highs and will see a new yearly high.There we go. Markets are moving towards that lower bound of this area. To be fair, you'd much rather want to see a sweep of that low and a quick bounce back up on #Bitcoin. I don't want to see a deep correction taking place in which it sweeps sub $77,000 as that would mean that we're ending this current uptrend and are in for a significantly longer period of consolidation.View original on X ↗
Deterministic: the same prices and policy always give the same result
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Only the end-of-horizon price counts. A brief move followed by a reversal is not a success. Read the methodology
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