Technical Analysis – BTCUSD skyrockets on ETF speculation
Posted on October 24, 2023 at 8:51 am GMTBitcoin surges to an almost 18-month high Broader picture appears overly positive But overstretched rally increases the risk of a correction BTCUSD (Bitcoin) soared to an almost 18-month high on Tuesday, driven by speculation that an exchange-traded fund (ETF) that tracks the price of Bitcoin could soon be approved by the United States. The crypto king rallied more than 10% to hit 35,187, before pulling back below the 34,500 zone, which is marked as resistance by the inside swing low [..]