727 FinancePANews October 18 news: Analyst Michaël van de Poppe pointed out in a post that Bitcoin's price action is becoming increasingly compressed. This means volatility is declining and the price range is narrowing. A major move is coming, but before the major move begins, a "fakeout" may be seen first. This "fakeout" could touch the "blue zone" marked on the chart (i.e., below $80,000). The price has already touched it once before, and it would not be surprising if it touches it again, because this is precisely the ideal entry zone. If Bitcoin can break through the key resistance level of $82,000, the market will begin to accelerate, and there is a very high probability it will launch an assault on $90,000.
Analyst: If Bitcoin breaks through the $82,000 resistance level, it may accelerate toward $90,000.
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