Bitcoin, Uniswap and Chainlink – European Wrap 24 September

Bitcoin price shows lackluster performance after the recent crash, giving rise to the credibility of the run-up to $50,000. As the September 24 daily candlestick bathes in red, the chances of an uptrend continue to diminish.


Uniswap price looks to be consolidating after encountering a stiff resistance barrier on its road to recovery. While this slowdown is unappealing, it is not untenable. Investors can expect this consolidation to resolve in favor of the bulls. 


UNI/USDT 6-hour chart

Chainlink price is currently retesting the midpoint of the trading range as it tries to recover from the crash witnessed in the third week of September. A successful flip of this barrier will allow LINK to venture higher and recover the losses over the past week.


LINK/USDT 1-day chart