Bitcoin ‘still bullish’ even if BTC price drops to $50K — analysis By Cointelegraph

© Reuters. (BTC) can return to $50,000 and nonetheless not violate an total "bullish thesis" after breaking all-time highs, recent analysis argues. In its newest market replace on Oct. 22, crypto buying and selling platform Decentrader argued that after hitting and retracing from $67,000, there was no purpose to be bearish on Bitcoin. 1-hour candle chart (Bitstamp). Supply: TradingViewBTC/USD chart with Fibonacci ranges highlighted. Supply: DecentraderContinue Reading on Coin Telegraph Disclaimer: Fusion Media want to remind you that the information contained on this web site shouldn't be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs will not be supplied by exchanges however reasonably by market makers, and so costs is probably not correct and will differ from the precise market worth, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur on account of utilizing this information.Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding varieties potential. !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function() {n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '751110881643258'); fbq('track', 'PageView'); Source link