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      Analyst: Bitcoin may pull back to $74,600, but medium-term trend remains bullish

      PANews, October 15 - Crypto analyst Darkfost stated that there are no substantial changes in Bitcoin's technical outlook. The first impulse wave (Wave 5) has ended at the expected position, and the market may next enter a Wave 2 correction, with a pullback target of $74,600, corresponding to the common 0.382 Fibonacci retracement level. BTC has currently broken below the 21 EMA and is temporarily finding support near the 50 EMA, while the 200 EMA sits at around $75,800. The RSI has returned to the neutral level of 50, and its gap with the 14-day moving average has widened, suggesting the market may first see a Wave B rebound before moving into the final Wave C correction. Darkfost said there are currently no worrying signals, and Bitcoin's medium-term trend remains positive.


      Source: PANews
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