Bitcoin sellers put a cap on $112,000, but technical, onchain data and the end of October US macroeconomic calendar suggest that the price compression will trigger a violent expansion.
Bitcoin bounced off the $107,000 support, but the recovery is expected to face significant resistance in the $112,000 to $116,000 zone. Do charts point to any altcoins taking the lead?
In an interview with Cointelegraph, Galaxy Digital’s head of research explains why Bitcoin is at a pivotal moment, and what could define its next downturn.
Bitcoin flipped volatile as CPI data came in lower than expected, but failed to follow stocks as they hit fresh all-time highs on Fed rate-cut optimism.