Bircoin Daily update - PA just under margin for GREEN October

Bitcoin once again got rejected off that Blue Arc .

A Quick reminder about that Blue Arc - It has rejected EVERY Bitcoin ATH since the beginning.


It Is part of a Calculated Fibonacci Spiral and PA is currently getting Squeezed between that and the rising line of support that has Never been broken.
These two lines are discussed in greater detail in previous posts

A Closer View


This Blue line MUST be crossed by DECEMBER or the Spiral, as it turns down, could drag Bitcoin with it, though I so not think this will happen, But it does explain the struggle Bitcoin is having and why we have not seen the Epic surges and rises we are used to....The Spiral has rejected every attempt to cross and remain above so far.

So, back to the Daily chart


What I am finding Very interesting right now is how the Blue Arc is also the Border line between Bitcoin PA printing a Red or a Green candle this month.
Currently, with PA below, we have a RED Candle,
When PA poked above briefly yesterday, it was Just Green.
The threshold is around 114K to hold.
We have 3 days left to break over that line for Bullish sentiment to exist.
We did have a RED October in 2012 that was in a bull run. It was the ONLY occasion.

Also note the lines if support below.
The Closet reaches a Touch on that Blue Arc on Christmas day, 25 December, Perfect timing.
The Longer term line of support below that , which is currently a price range of around 98K, reaches the Blue Arc in May 2026

So, all to play for and we now wait for the FED ( Also known as the DXY SUPPORT GROUP ) to explain its decision to us later today.
This Wil effect Markets I expect.
But let the dust settle before maling a lasting decision.