Bitcoin Just Lost This Linear Line And This Analyst Says You Shouldn’t Ignore It
Bitcoin is still at a critical level, where the next move could be determined. With the current sentiment turning toward the negative, expectations remain that the next move for the Bitcoin price will likely be a rapid price crash. This seems to be supported by technical patterns that show that the cryptocurrency has broken below […]
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In this episode of NewsBTC’s daily technical analysis videos, we examine a possible breakout of Bitcoin price on linear scale. We also compare the breakout on logarithmic scale to determine if the signal might be a reliable sign the bottom could be in. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 6, 2022 Related Reading: Bitcoin Bulls Snap Back With The Bollinger Bands | BTCUSD Analysis October 5, 2022 Is This The Bitcoin Breakout We’ve Been Waiting For? Bitcoin price has broken out of an important downtrend line on linear scale. The....
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