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Is Bitcoin Poised For October Breakout?
The rally in Bitcoin off the September lows has stalled over recent sessions with price capped by the August highs around 65.02. The recent shift in Fed expectations has helped bolter BTC sentiment, amidst a general uptick in risk appetite. With the Fed now expected to press ahead with at least a further .5% of easing this year, risk markets look poised for fresh gains. Still, it has been a frustrating period for Bitcoin traders since YTD highs printed in March. Price has traded in a broad corrective channel over the last six months between lows of 53,525 and the 72,550 highs. Seasonally, BTC tends to struggle over ... (full story)
