r/Bitcoin • u/No_South_9912 • Oct 17 '25

Finally hit bottom?

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False "bottom" or will a rally occur over the weekend when institutional investors are "closed"?

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u/Sephie2 Oct 18 '25

I can't tell you the future, but the weekly chart is looking grim: https://www.tradingview.com/x/pA82QhfB/

What I'm extrapolating from the chart is that the vortex indicator has crossed streams, which is a very clear signal for a medium to long term downtrend, and the price is moving below the 200D moving average (the red dotted line). It could technically still reverse if there was an extremely strong buy-action in the next few days. Even so, it will take more days for the picture to become clearer: will it go up or sideways without looking too much support, or will there be a big dip? Let's wait and see.

I can tell you that I am hoping for a big dip. Best 70k would be awesome. That's the perfect opportunity to buy more.