* Since peaking at $57,855 BTC has found buyers on dips
* Dips held at the 10DMA line, today at $54,222
* Spike lows at $51,000 and $53,909 Oct 10 and 12
* Minimum correction off $39,573-$57,855 Sept-Oct climb at $53,540
* Key 50% Fibo of that move at $48,714: break opens up daily cloud twist
* Oct 20 cloud twist at $45,128-$45,234: twists can appear to attract
* Markets focused on rising infl. BTC seen as quasi inflation hedge
* BTC rise also reacting to expectations of SEC approving ETFs later in Oct For more click on FXBUZ
(Peter Stoneham is a Reuters market analyst. The views expressed are his own) ((peter.stoneham@thomsonreuters.com))
