Crypto Market Prices as of Oct. 11, 2022

As of Oct. 11, 2022, the latest price movements in crypto markets have been as follows:

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The CoinDesk Market Index shows the latest bitcoin prices across major exchanges.

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Bitcoin's price structure looks similar to 2018. (TradingView)
Looking at the current Bitcoin price structure, it is safe to say that we are seeing a lot of similarities to the market conditions of 2018.
  • As Bitcoin's price continues to fluctuate, it seems to be following a similar pattern to that of a dropped ball - bouncing off the floor and then slowly losing momentum.
  • It is clear that the ball is losing energy with every bounce from price support (around $18K) and could soon fizzle into a flat forward roll. This would be a very disappointing development for those who are hoping for a continued rally in the price of Bitcoin.
  • As the flat forward roll continues, the risk of gravity taking a toll increases. This was seen in November 2018 when a person was injured during a roll.