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On October 18th, US Secretary of State Marco Rubio stated during a media interview on October 17th that the US militarys Starlink system is not yet open to Ukraine, and related usage arrangements are still under discussion. Regarding Ukrainian claims of restricted satellite communications, Rubio denied that the US government ordered a reduction in Starlink network speeds, stating that services have been restored. Furthermore, concerning the recent violence in the West Bank, Rubio expressed deep concern and stated that the US has urged Israel to take strong measures against the violence. He also noted that President Trump has repeatedly made it clear that he does not want friction or a crisis in the West Bank.October 18 - After a hiatus of several months, Oman Salam Airlines resumed direct flights between Muscat, Oman and Tehran today (October 18). Due to US sanctions, only a few countries currently have direct flights to and from Iran.October 18th - According to The Daily Telegraph, Microsoft (MSFT.O) has withdrawn from its data center partnership with UK-based cloud service provider Nscale in Laughton, Essex, UK. This move comes at a crucial time for Nscales IPO preparations, adding further uncertainty to the startups listing plans. The report states that Microsoft did not specify the exact reasons for the termination, but the project has faced a series of delays. The local government has informed Nscale that power to the facility is not expected until the 2030s. Furthermore, Nscales flagship project in Norway is also about six months behind schedule, with only 6.4 megawatts of the planned 30-megawatt data center currently operational. According to Nscales IPO filings, approximately 85% of the companys contracts rely on Microsoft and Anthropic. Microsoft had originally planned to be the major tenant of Nscales first UK data center in Essex. Microsofts withdrawal will be a blow to Nscale, which is seeking to raise up to $3 billion through an IPO, potentially as early as this month.On October 18, Iranian media reported that the Iranian parliament voted online to appoint Ahraki as Irans new defense minister, succeeding the late Aziz Nasirzadeh, who was killed in attacks by the United States and Israel. The meeting was chaired by Iranian Parliament Speaker Ghalibaf.Iranian Foreign Minister: Our conditions are completely clear and have been submitted to the United States in the form of a seven-day proposal. They have put forward their own opinions, and we are still responding.

Bitcoin Break Out or Break Down?

Skylar Shaw

Oct 08, 2022 14:12

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Technical Analysis of Bitcoin

The flat bottom falling top in BTC, which has been as resistance since the beginning of June, was covered in our most recent article. This upper resistance line was tested five times, which tells us that it has followed the highs during the previous five months. As we inch closer to the ever-narrowing apex, BTC has yet to break out of its wedge shape.


Today, we'll take a closer look at a resistance trendline that stretches all the way back to the all-time high on November 21, 2021. The fact that this trendline starts at our all-time high and remained almost unbroken for such a long period offers us a signal that this may be an even more significant resistance line, even if it was only  challenged twice over its 11-month run.


It's interesting to note that on October 4, this upper trendline was broken above, creating a support zone for today's trade. Despite the fact that there may be support there right now, the falling trendline is still oriented downward and is positioned to reach support around about $18,500.