Trader Who Called 20% September Drop: Bitcoin Likely to Continue Rally

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Bitcoin has undergone a strong rally over the past week, even after news that OKEx had blocked withdrawals. The coin trades for $13,150 as of this article’s writing, which is just shy of the weekly highs. Analysts think Bitcoin will continue to move higher in the coming days. Bitcoin Expected to Move Higher Bitcoin has undergone a strong rally over the past week, moving from the $11,500 range to the $13,000 region. The coin currently trades for $13,150, slightly shy of the weekly and year-to-date highs. Analysts think that Bitcoin will continue its ascent in the coming days. One crypto-asset analyst shared the charts below on October 24th. It shows that BTC’s recent price action looks extremely similar to that seen in May of this year and the price action in early August. This fractal comparison indicates that in the coming days, Bitcoin is likely to undergo a price spike…

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