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Analyst Predicts Next Bitcoin Price Breakout Via Elliott Wave 5

CoinGape
Summary
Nutrition label

61% Informative

Analyst Mikybull Crypto predicts that the Bitcoin price could witness a breakout late October following a wave 5 impulsive move to the upside.

Analyst Ali Martinez warned that Bitcoin could drop to $ 57,000 if it doesn't hold above $60,000 .

The Bitcoin price is already at risk of a price decline amid rising tensions in the Middle East while the Friday job reports could also determine its next move.

The macro side is still one to keep an eye on as it could determine BTC's trajectory.

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VR Score

39

Informative language

24

Neutral language

47

Article tone

formal

Language

English

Language complexity

37

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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