Bitcoin (BTC) challenged brand-new support levels on Oct. 14 after overnight successes took the market past $58,000
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin “dips” to near $57,000
The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April’s all-time highs.
Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around.
“Bitcoin is most likely just continuing this grind towards the all-time highs,” Cointelegraph contributor Michaël van de Poppe wrote in his latest Twitter update.
“Great bounce from $54K. Highly doubt we’ll see a