Friday’s Crypto-Market Breakout Caused Massive Short Covering, May Be Technically Significant: FSInsight — CoinDesk

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It is feasible that bitcoin is beginning off its “traditionally bullish 4Q seasonal rally,” FSInsight stated. The agency’s first upside goal is $52,956 – the September excessive – adopted by $64,895. Momentum could also be overbought on an hourly foundation however “dips are likely buyable” day by day momentum just isn’t overbought, FSInsight stated.