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TDUX
Nov 04 - 07:55 PM
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Bitcoin - Breakout In Progress; A Couple More Hurdles Ahead

By Ewen Chew  —  Nov 04 - 06:46 PM

• BTC jumped Wed along with risk assets after US midterms, last $80,650

• Rose as high as $81,040, clearing 21 DMA resistance at $80,232

• Bulls need a closing above 55 DMA $81,647 to make more progress

• Thurs close above $82,162 engages Bollinger uptrend channel

• Rally comes despite potential Democrat blow to crypto

• Tech stocks rallied hard while oil prices plunged, denting USD broadly
BTC


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters
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