Bitcoin price must hold $11,000 for October rally to continue

Bitcoin (BTC) price broke upward in the first half of October, resulting in a rally from $10,500 to $11,700. However, the momentum may be shifting once more as strength diminishes across the cryptocurrency market. 

A similar setup also happened prior to Bitcoin’s latest upward break with sideways consolidation in BTC causing altcoins to drop south heavily, especially the Defi sector.

Rangebound and holding $11,000

But significant support at $11,000 is now a must-hold level to resume the…


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