‘Violent’ Bitcoin breakout due as BTC open interest nears all-time high By Cointelegraph

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‘Violent’ Bitcoin breakout due as BTC open interest nears all-time high

(BTC) stayed rangebound at the Oct. 6 Wall Street open with traders already planning for a “violent” breakout.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it moved up and down by only a matter of a few hundred dollars on the day.

BTC/USD annotated chart. Source: Whalemap/ Twitter
BTC/USD annotated chart. Source: Daan Crypto Trades/ Twitter
Bitcoin futures open interest chart. Source: Dylan LeClair/ Twitter