October / 1 posts found

Will October bring the Much Needed Rally for Bitcoin Price? Here’s what Traders Can Expect in First Week

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. […]