Bitcoin Price Flatlines at $8.4K as Bollinger Bands Predict Breakout

Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily.  Bitcoin rallied throughout the week from a low of $7,760 on Oct. 7 to over $8,800 where it was rejected around the 200 Day Moving Average (MA) on Oct. 11. After this point, 50% of the weekly gains were wiped out in a matter of minutes as it fell back down to the $8,300 range.   As Bitcoin price attempts another recovery, could we start to see altcoins regaining momentum?…

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