news

bitcoin

1 X bitcoin bitcoin =

Monday

26 October 2020

Ascending channel Bitcoin price breakout possible despite OKEx scandal

Ascending channel Bitcoin price breakout possible despite OKEx scandal


smart summary beta

Earlier this week Bitcoin (BTC) price entered a bullish breakout to $11,725 following the previous week’s news that Square purchased $4,709 BTC but since then the price has slumped back into a sideways range. .

Van de Poppe suggests that if Bitcoin loses the $11K support there is a possibility of the price falling below $10K to the 200-MA at $9,750 which is near a CME gap.

It’s also worth noting that only about 1.5 weeks have passed since Bitcoin exited a 24-day long compression phase which was followed by the most recent breakout to $11,750.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Article Metadata

author

site

cointelegraph.com
Market data feeds provided by cryptocompare.com
bitsmart 2018