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Will October bring the Much Needed Rally for Bitcoin Price? Here’s what Traders Can Expect in First Week
Even if Bitcoin ended September with a loss, previous good rallies in October may encourage bulls. Only twice since 2013 has BTC ended the month of October in the negative, according to data from coinglass: in 2014 and 2018. This makes a recovery in October more likely. Since last week, the price of BTC has been hovering around the June low of $17,550. The lengthy wick on the candlestick indicates that bears are still selling on rallies despite the bulls’ attempts to begin a recovery this week. The S&P 500 (US500) has decreased for six straight days, according to TradingView. […]