Black Monday For Bitcoin? This Chart Says Otherwise
2 extracted signals · 0 resolved · 2 still active
Merlijn The TraderIndependent analyst profile- Source published
- 19 Oct 2026, 20:15 UTC
- Recorded by Tahlil Plus
- 19 Oct 2026, 23:12 UTC
AI-generated source summary
The analysis focuses on Bitcoin's potential upward movement, referencing historical support levels and recent price action. The speaker identifies a key support zone for Bitcoin between $81,000 and $83,000, suggesting this area could act as a launchpad for a rally towards $93,000. A failure to hold above $75,000 would invalidate the bullish thesis. The analysis also touches upon Ethereum, XRP, and Solana. Ethereum is identified with a head and shoulders pattern, suggesting a potential move towards $2,700, with a failure below $2,200. XRP is in a long position, targeting $1.3600, with a failure below $1.3000. Solana is also in a long position, aiming for $192.00, with invalidation below $187.00. The Bitcoin chart on a 4-hour timeframe shows price action within a support zone, hinting at a potential reversal. The daily bearish order block above is noted as a resistance area that might be tested if the bullish momentum continues.
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Merlijn The Trader
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