HomeUncategorizedBitcoin price must break $31K to avoid 2023 ‘bearish fractal’ By Cointelegraph

Bitcoin price must break $31K to avoid 2023 ‘bearish fractal’ By Cointelegraph

October 23, 2023

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© Reuters

(BTC) held above $30,000 at the Oct. 23 Wall Street open as analysis said BTC price strength could cancel its “bearish fractal.”

1-hour chart. Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hovered near $30,700, still up 2.5% on Oct. 23.

BTC/USD annotated chart. Source: Rekt Capital/X
Bitcoin True Market Deviation (AVIV) chart. Source: Checkmate/X
Bitcoin transfers to OTC desk wallets. Source: CryptoSlate/Glassnode
GBTC premium vs. asset holdings vs. BTC/USD chart (screenshot). Source: CoinGlass