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 100 & 200 moving averages, RSI 12 and support and resistance so that the trading plan becomes more directed. Based on the attached Bitcoin H4 chart image, here are the details of the technical analysis: Analysis of Moving Averages 100 and 200 The blue Moving Average line (which indicates the faster period, such as the MA 100) and the red line (MA 200) are currently showing price movement that has begun to flatten after the previous uptrend. The price is currently located around the area of those MA lines at approximately 81.716. The price position crossing or being near both lines indicates a consolidation or transition phase, where the market is seeking the direction of the next trend. Relative Strength Index Analysis (RSI 12) The RSI 12 indicator is at 47.03, which means its position is right around the 50 midline. 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 of 85.098 to 87.396, where the price previously experienced rejection. Meanwhile, important support levels are around the 80.014 area and a stronger lower boundary 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 area shows a relatively small body with wicks on both sides, indicating market participants' indecision (indecision). There is no strong reversal pattern visible yet, such as a bullish engulfing or a significant pin bar, so additional confirmation is still required.

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