FX.co ★ #Bitcoin chart analysis

BITCOIN TODAY SUNDAY,18/10/2026 Hello fellow traders, Let's dissect the current Bitcoin market condition in depth using the Moving Average 100 &200 indicators, RSI 12 and support resistance so that the trading plan becomes more focused. Based on the attached Bitcoin H4 chart image, here are the details of the technical analysis: 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 starting to flatten after the previous uptrend. The price is currently around the MA lines area at approximately 81.716. A price position crossing or being near both lines indicates a consolidation or transition phase, where the market is seeking 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 is no extreme overbought or oversold condition. 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 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 line area shows a relatively small body with wicks on both sides, indicating market participants' hesitation (indecision). There is no strong reversal pattern 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 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 gradually 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 may consider a sell position targeting a decline toward the next support area at 75.118. Place a stop loss above the current consolidation area for healthy risk management. That's all the analysis and trading plan for Bitcoin going forward. Always pay attention to proper risk management and adjust lot size to your capital resilience given the high volatility of crypto assets. Hopefully this analysis helps the smooth running of your trading activity today.