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Will the 4H Reversal Candle from yesterday send BTC soaring?

Snapshot Thursday

Swissblock Insights

Oct 24

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Dear Subscribers,

Happy Snapshot Thursday!

First published in our Telegram Group, Swissblock’s Henrik Zeberg shares his weekly insights on crypto and macro price action. Make sure to join the channel for the most direct access to this resource:

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While a BTC decline in the past few days raised concerns, a key reversal candle on the 4-hour timeframe signals a potential shift in momentum. With critical resistance levels being tested and market indicators hinting at a bullish outlook, Henrik explores the possibility of Bitcoin pushing higher, potentially triggering a breakout above $70K and beyond.

Could this begin a significant surge for Bitcoin and the Altcoin market? Let’s dive in: