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Bitcoin relief rally hope circulates; DOGE pumps on Elon Musk Twitter news

From stockhead.com.au

Bearish voices are calling caution, but Bitcoin and crypto bulls are having a little relief rally trot through the woods. Maybe there’s something to this “Uptober” business after all. Moving immediately onto the dark arts of technical analysis for a minute, observant crypto chart gazers have noticed Bitcoin has just nudged its way through a long-term, downtrend on the weekly timeframe. It’s been a 47-week week decline and apparently it’s just been breached. {tweets} There is some excitement around this, and general sentiment building for a further bounce or relief rally for Bitcoin for October, but perhaps it should ... (full story)

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  • Category: Fundamental Analysis