Blog tagged as October Bullish
Bitcoin has surged nearly 5% in the past 24 hours, breaking above $66K once again, signaling renewed bullish momentum.
Bearish CPI data has led to further Bitcoin weakness and may likely continue as inflation persists.
CPI announcements have historically caused significant volatility in Bitcoin, with price movements averaging 6.22%, though recent days have seen smaller fluctuations.
A volatile 24 hours have lead to the first wave of leveraged long liquidations. As BTC moves lower, the next level of leveraged longs are at threat.
Bitcoin experienced extreme volatility, with key liquidation levels at $62,500 and $64,750 serving as crucial support and resistance, potentially signaling future price movements.
Julian Assange’s adoption of Bitcoin highlights its vital role in providing financial freedom beyond traditional systems.
The US unemployment rate tends to have an impact on Bitcoin and other markets... What should you expect tonight?
October has historically been Bitcoin's most bullish month, boasting the highest average returns and the greatest number of positive months.
September was a month where both sides of the market were in control. Bears were dominating and looking to push BTC back below $50k early in the month, before a sharp reversal from the bulls on the anticipation of the first interest rate cut in over four years.
October has historically been Bitcoin's most bullish month, boasting the highest average returns and the greatest number of positive months.
