Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip

Cointelegraph

Published Oct 24, 2022 10:52AM ET

Updated Oct 25, 2022 04:40AM ET

Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of $19,700 overnight.

Hang Seng Index 1-day candle chart. Source: TradingView
S&P 500 volatility annotated chart. Source: Game of Trades/Twitter
BTC/USD comparative annotated charts. Source: Filbfilb/Twitter
BTC/USD vs. gold correlation annotated chart. Source: Charles Edwards/Twitter

Continue Reading on Coin Telegraph