Crypto
Bullish Divergence Signals Bitcoin Price Surge to $90K by November
Bitcoin is sitting at a daily cycle low according to Trader Matthew Hyland. Despite being down sharply since the Senate failed to advance the CLARITY Act, he's calling for prices above $90,000 by early November.
The market has been bearish lately due to regulatory risks, with most traders leaning towards selling. However, Hyland sees a bullish divergence forming on the charts, which could be a sign of an imminent price increase.
Bitcoin is currently trading near $76,000, and a move above this level could be seen as a sign that prices are bottoming out. If this scenario plays out, it would mean that Bitcoin has indeed reached its daily cycle low, paving the way for further gains.