Crypto Analyst Unveils Reasons for BTC’s Spike by 25% in 5 Days

Published 26/10/2023, 14:15
© Reuters.  Crypto Analyst Unveils Reasons for BTC’s Spike by 25% in 5 Days
BTC/USD
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Coin Edition -

  • A technical analyst used BTC trend context and on-chain data to predict whether to go long or short.
  • BTC experienced a massive spike on the fifth; it rose from $30.6K to $34.7K.
  • BTC regains its lost uptrend gradient but it won’t be able to hold that shape for long.

Technical Analyst CryptoSoulz expounded reasons as to what made BTC spike by 25% during the last 5 days, in a tweet. The analyst supplemented his reasoning on the on-chain data and the context of Bitcoin’s uptrend. Based on that, CryptoSoulz advised his followers to either short or go long.

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