$29K Bitcoin is closer than you might expect, according to derivatives data

Name: $29K Bitcoin is closer than you might expect, according to derivatives data
Uploaded: 2022-10-28T15:05:33+00:00
Duration: P238S
Description: https://cb.run/BSnP $29K Bitcoin is closer than you might expect, according to derivatives data Bitcoin (BTC) price continues to battle at the $24,000

Video Credit: Rumble - Duration: 03:58s - Published on October 28, 2022

$29K Bitcoin is closer than you might expect, according to derivatives data

Https://cb.run/BSnP $29K Bitcoin is closer than you might expect, according to derivatives data Bitcoin (BTC) price continues to battle at the $24,000 resistance and the price was rejected there on Aug.

10, but the rejection was not enough to knock the price out of the 52-day-long ascending channel.

The channel has a $22,500 support and this bullish formation suggests that the BTC price will eventually hit the $29,000 level by early October.

Bitcoin/USD 12-hour price.

Source: TradingView Bitcoin derivatives data does show a lack of interest from leveraged longs (bulls), but at the same time, it does not price higher odds of a surprise crash.

Curiously, the most recent Bitcoin downturn on Aug....

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$29K Bitcoin is closer than you might expect, according to derivatives data

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