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DeFi Lava - Eruptions Newsletter 9-28-22

Welcome to "Eruptions" with DeFi Lava

Your weekly source of cryptocurrency and financial market news and analysis


Bitcoin BTC has ranged between $18.2k and $20.5k with a week over week price change of -4.45%. Price is currently battling the $19.5k support with the monthly candle close looming over the horizon.

We want to see the monthly candle (shown below) hold the $19.5k support, which comes from the previous bull market high for BTC from 2017.

The next major support line is at $14k, the most important level for Bitcoin based on number of touch points over previous years. It remains to be seen if we will visit this level. A monthly close below $19.5k could be an early warning sign.

Altcoin Highlight

Chainlink LINK is one of the best crypto investments for the future of the industry...

Read the entire Eruptions Newsletter from DeFi Lava

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