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Bitcoin Multi-Year Range?

Bitcoin Multi-Year Range?

Bitcoin Insider
October 19, 2024 • Estimated Reading Time: 6 minutes

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Price action on the higher timeframe (1W) has some key developments that need to be taken into consideration. There is a possibility of a high timeframe deviation in place for a rotation lower.

In recent news events, Investors Are Dropping Bitcoin & XRP for CYBRO’s AI Potential - the gains are said to be much greater.

Today’s report will also include:

Updated Technical Analysis
Other key market developments
Wisdom Drops

Bitcoin Price Analysis

As evident, Bitcoin has been trading at above the 2021 all time high for a considerate period of time during 2024. It has not had the strength at breaking past the previous all time high, instead, it has closed back below within the high timeframe range.

The multiple candle closes that how now occurred back with the range places emphasis on a Deviation and/or Failed Auction of the all-time high. Confirmation on this will be taking out the yearly low at $49,000 - this will confirm a down-trend.

There is merit for price action to trade lower due to the resting liquidity. If this occurs, Bitcoin will simply continue to trade within the high time-frame range for a few years to come.

Bitcoin Insider will continue to monitor these time sensitive price development for the next update.

Investors Are Dropping Bitcoin & XRP for CYBRO’s AI Potential

What's behind this pivot? Analysts are projecting significant growth for CYBRO, predicting a market explosion. Dive into the reasons why these cryptocurrencies are set to excel, with CYBRO emerging as the new darling of the crypto market.

Financial gurus are talking up CYBRO's potential for superior returns, with tokens priced at a mere $0.03 in presale. This groundbreaking, tech-forward venture has piqued the interest of top crypto whales and influencers, signaling robust faith in its future. CYBRO also rolled out a referral scheme, where direct referrals yield a 12% commission, second-tier 3%, and third-tier 2%, with rewards disbursed weekly in USDT. New users get double CYBRO Points on their initial deposit with a referral code.

CYBRO Token Presale Ongoing - Beyond Tokens: Introducing CYBRO Points Alongside tokens, CYBRO offers exclusive Points that enhance investor perks. These Points automatically enroll participants in the CYBRO Airdrop, where the number of tokens received correlates with Points held. CYBRO distributes up to 1 million Points weekly, which can be amassed by investing in the platform's DeFi Vaults.

CYBRO token holders can look forward to bountiful staking rewards, special airdrops, cashback benefits, discounted trading and lending fees, and a comprehensive insurance program within the CYBRO ecosystem. With just 21% of the total token supply allocated for presale and nearly 80 million tokens already sold, this presents a prime opportunity for astute investors to grab a piece of what could be a once-in-a-lifetime venture.