Bitcoin’s Strong Monthly Close Indicates October Will be a Green Month
Bitcoin’s recent bout of consolidation is still ongoing, but bulls appear to be in the process of attempting to break this trend The cryptocurrency is currently pushing towards its $11,000 resistance, which is a positive sign that indicates a test of this level may be imminent That being said, where it trends in the days and weeks ahead may depend largely on whether or not it can continue holding above some key levels One analyst […]
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October 2021, with 40% gains, becomes the best for Bitcoin price action since December 2020, even beating the Q1 run. Bitcoin (BTC) sees a volatile start to a new week and a new month after its first ever monthly close above $60,000 — what’s next?After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC price surge like no other.The timing varies, and so do the predictions. In store for BTC/USD this month could be a monthly close of nearly $100,000 — but also a dip to near $50,000.With....
Today is September 30, and while for most all it does is mark the last day of the month, for Bitcoin, it marks an incredibly critical monthly candle close. The first-ever cryptocurrency is retesting an important resistance level turned support on monthly timeframes, and holding strong could be a confirmation of a breakout from the […]
Bitcoin is just over one week away from the October monthly close, taking place on Halloween night. Although the night is known for candy, scarces, and tricks, if the leading cryptocurrency by market cap can close above $14,000, investors will be in for one heck of a treat. Bitcoin October Monthly Candle Close Could Result […]
$60,000 would be a monthly record, but longstanding analysis demands a minimum of $63,000 by the start of November. Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRecord monthly close hangs by a threadData from Cointelegraph Markets Pro and TradingView showed lackluster price action on Sunday, with BTC/USD below the "worst case scenario" for its October close.Analysts were eagerly awaiting to see if the end of the month could provide a turnaround and....
The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the next 31 days. Bitcoin (BTC) failed to break the so-called September curse as its price fell by a little over 7% into the month despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in October, a month known for painting aggressive bullish reversals.Bybt data shows that Bitcoin has closed October in profits the majority of the time since 2013 — with a success rate of over 77%.....