{"id":10898,"date":"2022-10-17T20:37:12","date_gmt":"2022-10-17T20:37:12","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/17\/a-bullish-week-in-bitcoin-on-the-way-btcusd-analysis-october-17-2022\/"},"modified":"2022-10-17T20:37:12","modified_gmt":"2022-10-17T20:37:12","slug":"a-bullish-week-in-bitcoin-on-the-way-btcusd-analysis-october-17-2022","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/17\/a-bullish-week-in-bitcoin-on-the-way-btcusd-analysis-october-17-2022\/","title":{"rendered":"A Bullish Week In Bitcoin On The Way? BTCUSD Analysis October 17, 2022"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"75.90182346723\">\n<p>In this episode of NewsBTC\u2019s every day technical evaluation movies,\u00a0we&#8217;re taking a look at one of the best probability <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/why-these-bitcoin-long-term-metrics-show-possible-bear-market-turnaround\/\">Bitcoin<\/a> and the remainder of crypto has had for a bullish week in a very long time.<\/p>\n<p>Take a have a look at the video under:<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD): October 17, 2022<\/h2>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">There continues to be not a lot motion in crypto, with Bitcoin buying and selling at round $19,500 at present. But the dearth of motion is welcome after almost a 12 months of falling costs.<\/span><\/p>\n<p><p class=\"responsive-video-wrap clr\"><iframe loading=\"lazy\" title=\"A Bullish Week In Bitcoin On The Way? BTCUSD Bitcoin Price Analysis October 17, 2022\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/qR6snpVT2sw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/p>\n<h3>Bitcoin Gears Up For Big Move, But Which Direction?<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Despite the dearth of value motion, every day timeframes are displaying some indicators of an impending breakout, probably to the upside. The <a href=\"https:\/\/www.newsbtc.com\/topic\/bollinger-bands\/\">Bollinger Bands<\/a> are as soon as once more tight as will be, which is a sign an enormous transfer is on the best way. Bitcoin value is attempting to push above the middle-BB which might improve the chance of upside if the bands start to raise.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The every day LMACD can also be just under the zero line. Pushing above it turns Bitcoin totally bullish on the every day timeframe.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-506721 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-860x500.png\" alt=\"BTCUSD_2022-10-17_15-10-12\" width=\"860\" height=\"500\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-860x500.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-460x268.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-768x447.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-1536x894.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-2048x1192.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-750x436.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-10-12-1140x663.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">The Bollinger Bands recommend an enormous transfer is coming | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>BTCUSD Downtrend Line Broken As Weekly Momentum Strengthens<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Weekly momentum has additionally closed bullish for the second week in a row, opening with inexperienced momentum strengthening on the <a href=\"https:\/\/www.newsbtc.com\/topic\/macd\/\">LMACD<\/a> histogram. If bulls can shut a 3rd week in a row, a brand new uptrend ought to materialize. Note how over the last, failed try to interrupt out, BTCUSD had weakening momentum and didn\u2019t shut past three bullish ticks.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitcoin value can also be engaged on a breakout of weekly downtrend resistance. This isn&#8217;t the ultimate downtrend resistance on log scale, however there&#8217;s nonetheless significance right here.\u00a0<\/span><span style=\"font-weight: 400\">The Relative Strength Index on weekly timeframes might be signaling an early breakout of a number of downtrend traces, which might quickly result in crypto making a transfer.<\/span><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-506722 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-860x500.png\" alt=\"BTCUSD_2022-10-17_15-09-07\" width=\"860\" height=\"500\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-860x500.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-460x268.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-768x447.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-1536x894.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-2048x1192.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-750x436.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-17_15-09-07-1140x663.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<h3>Why A Reversing Dollar Means Upside For Crypto<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">A potential reversal might be in progress on the DXY Dollar Currency Index. The power of the greenback has been what has beat up the inventory market and crypto during the last a number of months.\u00a0<\/span><span style=\"font-weight: 400\">With the greenback shedding a <a href=\"https:\/\/www.newsbtc.com\/topic\/relative-strength-index\/\">Relative Strength Index<\/a> assist line and confirming it as resistance simply as a possible excessive timeframe night star reversal kinds on the DXY 2-week, Bitcoin has an opportunity at reversing as properly.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Upon layering in BTCUSD behind the DXY, we are able to see instantly why a reversal within the DXY might be useful for Bitcoin. All whereas the DXY is doubtlessly topping out, the 2-week Bitcoin line chart is breaking out from a falling wedge sample.\u00a0<\/span><span style=\"font-weight: 400\">With lower than 7 days left to go on the 2-week timeframe for each BTC and the DXY, the subsequent week might show to be bullish for cryptocurrencies and different danger belongings because the greenback lastly corrects. <\/span><\/p>\n<p>\u00a0 <img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-506723 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-860x500.png\" alt=\"DXY_2022-10-17_15-08-01\" width=\"860\" height=\"500\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-860x500.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-460x268.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-768x447.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-1536x894.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-2048x1192.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-750x436.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/DXY_2022-10-17_15-08-01-1140x663.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/a-bullish-week-in-bitcoin-on-the-way-btcusd-analysis-october-17-2022\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In this episode of NewsBTC\u2019s every day technical evaluation movies,\u00a0we&#8217;re taking a look at one of the best probability Bitcoin and the remainder of crypto has had for a bullish week in a very long time. Take a have a look at the video under: VIDEO: Bitcoin Price Analysis (BTCUSD): October 17, 2022 There [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[2551,20,3811,539,631,1250],"class_list":["post-10898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analysis","tag-bitcoin","tag-btcusd","tag-bullish","tag-october","tag-week","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=10898"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10898\/revisions"}],"predecessor-version":[{"id":10899,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/10898\/revisions\/10899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10900"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=10898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=10898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=10898"}],"curies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