Bitcoin (BTC) rose over 2% this week until Friday, in a stellar first half of the week in which BTC was within a touching distance of a fresh all-time high followed by a significant price drop amid increasing signs of profit-taking.
Bitcoin Weekly Forecast: Run toward fresh all-time high hinges on US presidential election results Bitcoin rose over 2% this week until Friday, in a stellar first half of the week in which BTC was within a touching distance of a fresh all-time high followed by a significant price drop amid increasing signs of profit-taking.
This breakdown indicates a shift in market structure from bullish to bearish. Technical indicators also support this bearish outlook, showing a bearish crossover that suggests a possible downtrend. Crypto takes a step back, ready for volatility The crypto market stumbled on the last day of October, losing over 5.5% in 24 hours as investors turned to profit-taking.
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