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October 31st, 2022, Bitcoin — Some chance for a recovery

Review

Ethereum/Bitcoin-Ratio, weekly chart as of October 31st, 2022. Source: Tradingview

Technical Analysis For Bitcoin in US-Dollar

Bitcoin in USD, weekly chart as of October 31st, 2022. Source: Tradingview
Bitcoin in USD, daily chart as of October 31st, 2022. Source: Tradingview

Sentiment Bitcoin — Fear has been the norm since the beginning of the year

Crypto Fear & Greed Index, as of October 28th, 2022. Source: Lookintobitcoin
Crypto Fear & Greed Index long term, as of October 28th, 2022. Source: Lookintobitcoin

Seasonality Bitcoin — Strong 4th quarter

Seasonality for bitcoin, as of October 28th, 2022. Source: Seasonax

Sound Money: Bitcoin vs. Gold

Bitcoin/Gold-Ratio, weekly chart as of October 31st, 2022. Source: Trading view

Macro Update — A breather around the congressional elections

US Treasury 10-year bond, monthly chart as of October 31st, 2022. Source: Tradingview
US Dollar Index as of October 27th, 2022. Source: Sentimenttrader
Federal Reserve Bank Operating Profit or Loss, as of October 28th, 2022. © ZeroHedge

Conclusion: Bitcoin — Some chance for a recovery

Disclosure:

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