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The graph shows that$BTC tc has seen significant movements in recent days, reflecting both sell-offs and recovery episodes. From late September to mid-October, the BTC price has shown high volatility, with notable changes in different periods.

Recent resistance at $68424: The price of$BTC reached this high on October 15, suggesting strong resistance in that area. However, it failed to hold that level and a slight correction is observed.

Support at $58,946: This level acted as a key point for the price to bounce back. Bitcoin fell to this figure on October 9, and from there it began an upward movement that has been constant until October 16.

7-, 25- and 99-period Moving Averages: The moving averages show a positive crossover around October 10, signaling the start of an uptrend. The MA(7) has crossed above the MA(25) and both are above the MA(99), indicating strength in the bullish momentum.

Volume increases at peaks: A significant increase in volume can be seen on October 15, when the price reached the resistance at $68,424. This increase could indicate that there was a liquidation of long positions at that level, reflecting massive selling.

Inverted Hammer Pattern (Oct 10): Near the support at $58,946, a candlestick formed indicating a possible bullish reversal. This pattern suggested that selling pressure was exhausted and the market was ready for a recovery.

Consecutive bullish candles: From October 10 onwards, consecutive green candles indicate a strong recovery trend, confirming the positive sentiment in the market.

For Buyers: Consider entering positions if the price breaks the resistance of $68,424 with considerable volume. Otherwise, wait for the price to retrace to support levels before opening new long positions.

For Sellers: Maintain stop-loss positions just below the immediate support level ($64000) in case of an unexpected reversal.