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Bitcoin suddenly passes $61K as a $1.7K hourly candle fuels BTC bulls
Reading now: 700
Bitcoin (BTC) delivered another classic surge during Oct. 28 as bulls enjoyed a $1,700 hourly candle.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD breaking back above $60,000 after tracking sideways since early Wednesday.
The move meant that the pair cast firm doubt on recent bearish behavior, all but invalidating a head and shoulders pattern in line with expectations.
As Cointelegraph reported, analysts were already unfazed by Bitcoin's retracement, with some even increasing their price targets over longer timeframes.
#BTC I'll be back on friday, but couldn't resist to draw some random lines.... Seems I was not bullish enough at $40k. Quote: "first target at 73k".Well....I think that target moved up to $90k and after a
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