Weekly Cryptocurrency Market Outlook Oct 25

BTC-USD (Bitstamp)

Bitcoin soared to a fresh high at $6188.66 last week but the price has since dipped back below $6000, currently trading near the $5700 handle. Bulls have been in control for the entire month of October, as shown below. As we approach a new month, we can use the October candlestick to determine the future price action.

We have seen the market move above the resistance at $4734.26, which now turns into an important support level…

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