Bitcoin set for record monthly close with BTC price still below 'worst case s...
$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....
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Today, June 30 marks the last day of the month, and after around 8PM ET the Bitcoin monthly candle will come to a close. This monthly candle isn’t anywhere as damaging as this past May, which historically was one of the worst on record. However, there’s no denying that this month was also still fairly […]
A record monthly close could be a harbinger of more profound price gains to come, according to analysts.
Bitcoin price action is down 15% this month, while historically, April is supposed to bring gains. Bitcoin (BTC) sits at a historically important price point for hodlers, but where could it be headed in the coming days?As the monthly close looms and various countries prepare for the May holidays, traders are mapping out the options — with some surprises.$35,000 becomes key focusWhile Bitcoin market commentators rarely agree on much, one thing is more or less accepted this week — that April's monthly close will be volatile.Due over the weekend, that volatility has the potential to be....
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....
Bitcoin had a major macro candle close yesterday, posting both its monthly and quarterly candle. Although BTC saw little volatility heading into this close, the cryptocurrency was able to hold well-above $10,500 before and after it took place, which provided bulls with a serious boost. Overnight, the strength resulting from this close allowed Bitcoin to […]