Bitcoin clings to $19K as trader promises capitulation ‘will happen‘

Cointelegraph

Published Oct 16, 2022 01:28PM ET

Updated Oct 16, 2022 03:00PM ET

Bitcoin (BTC) stayed rigidly tied to $19,000 into the Oct. 16 weekly close as analysts warned that volatility was long overdue.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView captured a lackluster weekend for BTC/USD as the pair barely moved in out-of-hours trading.

BTC/USD monthly returns chart (screenshot). Source: Coinglass
Nasdaq 100 Index 1-week candle chart with 200MA. Source: TradingView

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