The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the “Uptober” sentiment as selling pressure mounted. However, the weekend turned out to be bullish for the Bitcoin price and the pioneer cryptocurrency has moved into the green once again. This is good news for the price not just in the short term, but in the long term as well. Has BTC Marked Its October Bottom? Crypto trade @0xjaypeg on X has taken to the social media platform to explain the movement of the Bitcoin price in the month of October. According to his analysis, the initial decline suffered by the Bitcoin price at the start of the month was not necessarily bad. This is because BTC has historically made a low in the first few days of October. Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible Jay explains that on average, the BTC price usually takes 3-4 days to b ..
Support the originator by clicking the read the rest link below.
