Bitcoin Price Analysis: After Spiking to 7-Week High, Can BTC Target $24K Next?
Published on Nov 7, 2022
https://cb.run/aNT7 Bitcoin Price Analysis: After Spiking to 7-Week High, Can BTC Target $24K Next?After recording its highest daily close since September, breaking above the 100-day moving average line, Bitcoin’s price eyes higher targets.
Technical Analysis By: Edris
The Daily Chart
On the daily timeframe, the price just broke above the 100-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the longest period since April.
In the event of a bullish daily close above said moving average, the breakout would then be considered valid. The...
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