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Bitcoin price broke out this week, but has the trend changed?

Published 10/28/2022, 04:30 PM
Updated 10/29/2022, 06:20 AM
Bitcoin price broke out this week, but has the trend changed?
BTC/USD
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BTC/USD
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Welcome readers, and thanks for subscribing! The Altcoin Roundup newsletter is now authored by Cointelegraph’s resident newsletter writer Big Smokey. In the next few weeks, this newsletter will be renamed Crypto Market Musings, a weekly newsletter that provides ahead-of-the-curve analysis and tracks emerging trends in the crypto market.

The publication date of the newsletter will remain the same, and the content will still place a heavy emphasis on the technical and fundamental analysis of cryptocurrencies from a more macro perspective in order to identify key shifts in investor sentiment and market structure. We hope you enjoy it!

BTC/USD daily chart with Bollinger Bands. Source: TradingView
BTC/USD weekly chart. Source: TradingView
BTC/USD daily chart. Source: TradingView
BTC/USD daily chart. Source: TradingView
Bitcoin 3-month MVRV Z-Score. Source: Glassnode
Bitcoin MVRV Z-Score. Source: Glassnode
Bitcoin 6-month Reserve Risk. Source: Glassnode
Bitcoin Reserve Risk. Source: Glassnode

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