FX.co ★ #Bitcoin chart analysis

BITCOIN TODAY SUNDAY,18/10/2026 Hello fellow traders, Let's dissect the current Bitcoin market conditions in depth using the Moving Average 100 &200 indicators, RSI 12 and support resistance so the trading plan becomes more focused. Based on the attached Bitcoin H4 chart image, here are the detailed technical analysis points: Moving Average 100 and 200 Analysis The blue Moving Average line (which indicates the faster period, such as MA 100) and the red line (MA 200) currently show price movement beginning to flatten after the previous uptrend. The current price is around the area of these MA lines at approximately 81.716. A price position that crosses or is near these two lines indicates a consolidation or transition phase, where the market is searching for the next trend direction. Relative Strength Index (RSI 12) Analysis The RSI 12 indicator is at 47,03, which means it is positioned right around the 50 midpoint. This figure represents neutral momentum. There are no extreme overbought or oversold conditions. The market is balanced between buying and selling pressure, so we need to look for confirmation from the nearest support and resistance levels. Support and Resistance Analysis The nearest resistance level is in the range 85.098 to 87.396, where the price previously experienced rejection. Meanwhile, important support is around the 80.014 area and a stronger lower boundary is around 75.118. Currently the price is testing the dynamic and horizontal support area around 81.716. Candlestick Pattern Analysis The last candlestick near the moving average line area shows a relatively small body with wicks on both sides, indicating market participants' indecision. There is no strong reversal pattern seen yet such as a bullish engulfing or a significant pin bar, so additional confirmation is still required.

Trading Plan (Trading Plan) Buy Scenario (Buy) You can wait for confirmation of a price bounce above the support level 80.014 or if a candlestick is able to break and hold above the nearest minor resistance with good volume. Profit targets can be taken gradually toward the 85.098 level. Place the stop loss below support 80.014 to anticipate further declines toward 75.118. Sell Scenario (Sell) If the price is confirmed to break below the support level 80.014 with strong selling volume, you can consider a sell position targeting a decline toward the next support area at 75.118. Place the stop loss above the current consolidation area for healthy risk management. That concludes the Bitcoin analysis and trading plan going forward. Always observe proper risk management and adjust position size to your capital resilience given the high volatility of crypto assets. I hope this analysis helps the smoothness of your trading activity today.