HomeUncategorizedBitcoin still has $14K target, warns trader as DXY due ‘parabola’ break By Cointelegraph

Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break By Cointelegraph

October 5, 2022

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Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break

(BTC) held $20,000 into Oct. 5 with trader targets still including a fresh high before rejection.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $20,470 on Bitstamp overnight before returning lower.

BTC/USD 1-day candle chart (Bitstamp) with 50MA. Source: TradingView
BTC/USD annotated chart. Source: Il Capo of Crypto/ Twitter
(DXY) 1-day candle chart. Source: TradingView