{"id":5301,"date":"2023-10-13T08:33:41","date_gmt":"2023-10-13T08:33:41","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5301"},"modified":"2023-10-13T08:33:41","modified_gmt":"2023-10-13T08:33:41","slug":"detailed-technical-review-for-bitcoin-13-october","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/detailed-technical-review-for-bitcoin-13-october\/","title":{"rendered":"Detailed Technical Review For Bitcoin! &#8211; 13 OCTOBER"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/detailed-technical-review-for-bitcoin-13-october\/#Lets_Take_a_Look_at_the_Weekly_Chart_for_Bitcoin\" title=\"Let&#8217;s Take a Look at the Weekly Chart for Bitcoin :\">Let&#8217;s Take a Look at the Weekly Chart for Bitcoin :<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/detailed-technical-review-for-bitcoin-13-october\/#Lets_Take_a_Look_at_the_4-Hour_Chart\" title=\"Let&#8217;s Take a Look at the 4-Hour Chart :\">Let&#8217;s Take a Look at the 4-Hour Chart :<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Lets_Take_a_Look_at_the_Weekly_Chart_for_Bitcoin\"><\/span><strong>Let&#8217;s Take a Look at the Weekly Chart for Bitcoin : <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Bitcoin has been seeing strong purchases from the <strong>$26,552<\/strong> level for the past two days. However, the risk of decline continues as the price cannot rise above <strong>$27,000.<\/strong> Looking at the weekly chart of Bitcoin, it has visited and managed to hold onto this region 3 times after the significant resistance level at <strong>$24,300 &#8211; $25,300<\/strong>, which was broken in the upward momentum that started in November 2022, was broken with volume.<\/p>\n<p>The S\/R Flip region, where the broken resistance turns into support, is our first important support area.<\/p>\n<hr \/>\n<blockquote><p>You might like: <a href=\"https:\/\/coinengineer.net\/blog\/what-happening-with-bitcoin-and-dxy\/\"><strong>What\u2019s Happening with Bitcoin and DXY?<\/strong><\/a><\/p><\/blockquote>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5310 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Bitcoin-300x126.png\" alt=\"Bitcoin\" width=\"1062\" height=\"446\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Bitcoin-300x126.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Bitcoin-768x323.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Bitcoin.png 945w\" sizes=\"auto, (max-width: 1062px) 100vw, 1062px\" \/><\/p>\n<p>The <strong>$30,300-$31,800<\/strong> level, which worked as a support range in the past, was tried 2 times within 2023 but could not be broken and is working as a strong resistance area.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Lets_Take_a_Look_at_the_4-Hour_Chart\"><\/span><strong>Let&#8217;s Take a Look at the 4-Hour Chart : <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the 4-hour chart, BTC, which continues its movement in the uptrend channel, started a decline movement that we think it broke this channel and will regress to the lower support in the past days. Additionally it is likely that the price will react from the FVG region left in the lower parts. It is beneficial to be careful in buy-oriented transactions up to these levels.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5311 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Technical-Review-For-Bitcoin-300x125.png\" alt=\"Technical Review For Bitcoin\" width=\"1071\" height=\"446\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Technical-Review-For-Bitcoin-300x125.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Technical-Review-For-Bitcoin-768x319.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/Technical-Review-For-Bitcoin.png 945w\" sizes=\"auto, (max-width: 1071px) 100vw, 1071px\" \/><\/p>\n<hr \/>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s Take a Look at the Weekly Chart for Bitcoin : Bitcoin has been seeing strong purchases from the $26,552 level for the past two days. However, the risk of decline continues as the price cannot rise above $27,000. Looking at the weekly chart of Bitcoin, it has visited and managed to hold onto this<\/p>\n","protected":false},"author":2,"featured_media":5300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1976,477,552,1637,1615,1975],"class_list":["post-5301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-13-october","tag-bitcoin-analysis","tag-bitcoin-price","tag-btc-usdt","tag-technical-analysis","tag-weekly-chart"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detailed Technical Review For Bitcoin! - 13 OCTOBER - Coin Engineer<\/title>\n<meta name=\"description\" content=\"What can be expected from the future of Bitcoin? 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