HomeUncategorizedBitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip By Cointelegraph

Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip By Cointelegraph

October 25, 2022

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Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip

(BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.

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

Data from Cointelegraph Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of $19,700 overnight.

1-day candle chart. Source: TradingView
S&P 500 volatility annotated chart. Source: Game of Trades/Twitter
BTC/USD comparative annotated charts. Source: Filbfilb/Twitter
BTC/USD vs. gold correlation annotated chart. Source: Charles Edwards/Twitter