Bitcoin 'still bullish' even if BTC price drops to $50K — analysis
Bitcoin (BTC) can return to $50,000 and still not violate an overall "bullish thesis" after breaking all-time highs, fresh research argues.
In its latest market update on Oct. 22, crypto trading platform Decentrader argued that after hitting and retracing from $67,000, there was no reason to be bearish on Bitcoin.
After Bitcoin cracked an all-time high in place for six months, concerns grew as a correction took place that erased 10% of its gains in a single day.
After two dips below $60,000, analysts nonetheless have stuck to their previous optimism for the comings weeks and months. Decentrader's Filbfilb is no exception.
"We have been tracking a Bitcoin fractal pattern for a number of weeks now, which, if it continues, would imply to play out,
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