[Analyst: Bitcoin May Retrace to $74,600, Mid-Term Trend Remains Bullish] BlockBeats News, October 15 — Crypto analyst Darkfost posted that Bitcoin's technical outlook has not undergone substantial changes. The (5) sub-wave within Wave I has concluded at the anticipated level, and Wave II adjustment may follow. This corrective wave could potentially dip to $74,600, corresponding to the typical 0.382 Fibonacci retracement level. Currently, Bitcoin has fallen below the 21-period EMA and is now at the support level of the 50-period EMA, which is considered a stronger support. The 200-period EMA is positioned around $75,800, leaving some room from the current price. RSI has returned to the neutral level of 50, but the gap with the 14-period SMA has widened. Darkfost believes this indicates that before the final C wave arrives, a corrective B wave rebound may occur first. He stated that there are currently no signals of concern, and Bitcoin's mid-term trend remains optimistic. [Original Link]