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Consolidation Fails: Can BTC Price Touch the $7,500 Level In October?

From u.today

Bitcoin has been moving sideways for almost a month, and traders are wondering what to expect from it next. Will it continue holding around $8K level, or there are dramatic changes coming? The traders from TradingView have an answer to this question. Let’s read their BTC price predictions and check the price charts & analysis. Look at the Bitcoin chart from tst643: the cryptocurrency opened the new seven-day period on Monday, October 14 with another attempt at $8,300. It moved up to $8,364 and once again closed above the mentioned level. It was of critical importance for bulls to defend $8,300 and consolidate ... (full story)

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  • Category: Technical Analysis