Bitcoin Weekly Forecast: To buy BTC dips or book profits?

Bitcoin price action on the weekly chart shows a strong uptrend that is relatively simple to comprehend. On-chain metrics suggest a blow-off top or a potential correction could be on the way. Only time will tell if this correction will lead to another higher low or a trend breakdown signal. t is likely, BTC needs tailwinds, which may or may not come in the form of an ETF approval. On the contrary, the recent rally seems toppy and is likely to trigger a correction.

Read more:Bitcoin price shakes, DTCC website crashes afterBlackRockiShares BTC Trust delisting BTC/USDT 1-week chart The overall outlook of Bitcoin price has been bullish since the start of 2023. Although there were a few moments that had BTC holders guessing the bias, the current scenario is anything but bullish. However, on-chain metrics suggest that investors should be cautious.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin price doubles YTD, eyes $35,000 as cryptocurrency market prepares for BTC halvingBitcoin (BTC) price is already eyeing the $35,000 level after doubling its value year to date. With more gains in sight, it remains unclear what exact
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin price chases after $35K as BTC derivatives data signals fresh inflowBitcoin derivatives data aligns with traders’ goal of pressing the price above $35,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin (BTC) Price Prediction for Q4 2023: Analyst Names Major TargetsCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Legendary Trader Peter Brandt Shares Bitcoin (BTC) Price Chart That Rarely MissesTrading guru unveils astonishingly accurate Bitcoin price chart that has only missed mark five times in past five years
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin (BTC) Price Surge, Important Ripple (XRP) Partnership, Shiba Inu (SHIB) Developments: Bits Recap Oct 27Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Bitcoin traders earmark key BTC price levels as $34K struggles to holdBTC price heads below $34,000 as Bitcoin trades hope a consolidation phase will preserve $33,000 support.
Source: Cointelegraph - 🏆 562. / 51 Read more »