Laurie Dunn

The Bitcoin price is trading in a bullish continuation pattern. If the breakout is to the upside, $90K is probably going to be the next target. Can this huge rally continue, or are the odds of a big pullback starting to increase?

As US 10-year bond yields broke out further to the upside, the US stock market saw a red day. In spite of this, Bitcoin was able to hold firm, with the bulls defending the key $83K level successfully. With the US 10-year bond yield moving ever closer to a 19 year high can the $BTC price continue to rise?

The Bitcoin price is into the tenth day of boring sideways consolidation. How much longer can this go on for? Whether it’s to the up or the downside, once this period of inactivity breaks it could do so in spectacular fashion. Watch out for the coming rally/collapse. It’s not the time for taking your eye off the ball.

The Bitcoin price rose out of its slumbers on Thursday and increased $3,400 to a price of $86,800. It was at this point that the price was rejected, falling back to $86,000. Was this just the first attempt at a breakout of a parallel channel? Could a confirmed breakout take place on Friday or over the weekend?

The Bitcoin price has risen again to the $87K horizontal resistance level. A breakout has still not occurred. Is this a tapping on the glass pane of resistance that will eventually break it, or is the resistance going to reject this advance of the bulls yet again?

The U.S. 10-year yield went slightly higher on Monday to record a 24-year high before pulling back. In spite of this, the Bitcoin price was able to hang on to the $85K horizontal support level, only about $1,000 or so from a breakout beyond the upper trendline of a parallel channel.

The Bitcoin price failed to break out once again and suffered a dip on Tuesday, pulling back 3.5% - equivalent to around $3,000. Oil rose slightly, but could not shake off the current downtrend. The U.S. 10-year bond yield is still very high at 5.3%, but the indications are it may be starting to roll over and soften back to 5% in the short to medium term.

US price increases went from an annual rate of 3.4% in August, to 3.7% in September, dealing a blow to the U.S. stock market and pushing Bitcoin into a potential breakdown. With the S&P 500 facing a further fall at the open on Thursday could this result in Bitcoin confirming its breakdown?

The Bitcoin bulls were able to push the $BTC price back up to $83K and install it inside its rising channel once again. After around a month of sideways price action can Bitcoin get back on the breakout path, or is a series of lower highs going to continue?

With the U.S. stock market on the slide again Bitcoin was not able to hold its recent rally, giving back all the gains made on Tuesday and into Wednesday. Was this a standard healthy correction, or could this be the start of a bigger reversal?