Bitcoin Price Flashes Fractal Similar To October 2023, Here’s What Happened Last Time

Quick Summary:

This is bullish for the flagship crypto, considering what happened last year when the fractal pattern formed.  Bitcoin Prices Flashes Fractal Similar To October 2023 TradingShot mentioned in a TradingView post that the Bitcoin fractal similar to the one that occurred in October 2023 is happening again.

TradingShot claimed that as long as the 1-week 50 MA continues to hold as the long-term support, there is a high probability that the Bitcoin price could hit $100,000 even before the end of this year.    From a fundamentals angle, market experts like Standard Chartered have also predicted that Bitcoin could reach $100,000 even before the US presidential elections on November 5.

Crypto analyst TradingShot recently revealed that the Bitcoin price is forming a similar fractal pattern to the one that happened in October 2023.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btc price Bitcoin price Bitcoin BTCUSDT BTC news Btc Bitcoin Bitcoin news Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 23:00:19 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 62 lines

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Copyright Owner: © NewsBTC

News ID: 22988457

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