Bitcoin Local Structure Points to New Price Record

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Analysts say Bitcoin’s recent price action could be a sign that the path to new all-time highs has begun.

Bitcoin price is trading 16% above the local low of $52,546 reached on Sept. 6, leading analysts to believe that this reversal could be the start of a path to new all-time highs. 

“Bitcoin’s Local structure turned back to bullish here, after closing higher than the previous September high, and locking in a higher low as well,” independent Bitcoin analyst Jelle said in a Sept. 17 post on X.


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