Breaking news October 22nd at 9am
Bitcoin ($), after falling towards $103,500, it made a quick recovery and recovered above $114,000. Despite this rebound, the short-term technical structure still remains precarious: before being able to start a bullish movement of a certain consistency, an adequate re-accumulation phase will therefore be necessary. A positive signal will come with the return above 116,000 dollars even if an extension will still have to face a tough obstacle in the 121,500-122,000 dollar area. From a chart point of view, then, only the breakout of $126,000 could provide a new bullish directional signal. However, a drop below $103,500 is dangerous as it could push prices towards the important graphic support located in the $100,000-98,500 area. (reproduction reserved)
* Subscribe to “Cryptomaniac”, the newsletter edited by Marcello Bussi to find out everything there is to know about the world of cryptocurrencies
