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Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip By Cointelegraph


Bitcoin ‘6–8 weeks’ from breakout as Hang Seng echoes Lehman Brothers dip

(BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro TradingView After the pair reached weekly highs of $19 700 overnight, we tracked a routine trading day for BTC/USD.

1-day candle chart. Source: TradingView
S&P 500 volatility annotated chart. Source: Game of Trades/Twitter
Comparative annotated charts BTC/USD Source: Filbfilb/Twitter
BTC/USD and gold correlation chart. Source: Charles Edwards/Twitter