Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) price currently battles to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.

In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after 7 months of consolidation, Bitcoin’s upward move melted the $32,000 resistance “like butter” and he expects that the upcoming monthly resistance is unlikely to be a hurdle.

Edwards said:

“It would make sense to see either a rapid continuation to mid-range ($43K) or short-term consolidation between support resistance at $32-$35K before continuation.”

As Cointelegraph mentioned in an earlier price update,

“Successive daily closes above the… Read more on Cointelegraph

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