{"id":401872,"date":"2019-10-20T19:15:44","date_gmt":"2019-10-20T19:15:44","guid":{"rendered":"https:\/\/wncen.com\/?p=401872"},"modified":"2024-06-11T12:33:12","modified_gmt":"2024-06-11T12:33:12","slug":"bitcoin-price-8150-bounce-bulls","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-8150-bounce-bulls\/","title":{"rendered":"Bitcoin Price Hits $8,150 in 3.5% Bounce; Can Bulls Push BTC Higher?"},"content":{"rendered":"

Bulls are finally back. After a few days of bearish price action, Bitcoin<\/a> (BTC) has bounced higher, rallying from Saturday’s $7,900 daily lows to $8,175 as of the time of writing this piece. That move represents a 3.5% gain.<\/p>\n

Altcoins have followed suit, with a majority of large caps like Ethereum and XRP also experiencing 2% to 4% bounces from yesterday’s low. Monero, BSV, and BCH, and 0x are experiencing larger gains of upwards of 7%.<\/p>\n

What comes next for the cryptocurrency market will be important according to multiple analyses.<\/p>\n

Related Reading: Bitcoin Price Fractal Suggests Repeat of September Drop, Is $7K Next?<\/a><\/h6>\n

Bitcoin Needs to Close Above $8,150<\/strong><\/h2>\n

As pointed out by prominent cryptocurrency trader Alistair Milne<\/a>, this move higher has allowed Bitcoin to break above a symmetrical triangle pattern that originated in mid-September. The triangle in question, per Milne’s analysis, was nearing its apex.<\/p>\n

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Seems important?#btcusd<\/a> #bitcoin<\/a> pic.twitter.com\/3tleHkbMi4<\/a><\/p>\n

— Alistair Milne (@alistairmilne) October 20, 2019<\/a><\/p><\/blockquote>\n