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Bitcoin & US Elections Impact
Following a strong rally last week, which saw price breaking above the bear trend line from YTD highs, Bitcoin prices have stalled for now into a test of the 69,355 level. This is a key resistance area for the market, having capped the rally over early summer. Despite initial selling into the level, the focus remains on a continuation higher near-term and an eventual breakout. Seasonal trends in Bitcoin point to October as one of the best performing months for BTC and last week’s rally is encouraging that further bullish momentum is coming, particularly with the surge in institutional demand seen last week as ETF ... (full story)
