Historical data suggests that October is a good month for Bitcoin bulls, and Oct. 1’s push above $47,600 could be a signal of what’s to come for BTC and altcoins.
The month of September stayed true to its billing as a historically weak period for cryptocurrencies. Bitcoin (BTC) closed the month with a loss of about 7%. However, October may bring cheer to the bulls because Bitcoin has risen in six of the past eight years, falling only in 2014 and 2018.The bulls started the month on a positive note as bears scurried to close their short positions. Data shows that more than $270 million worth of short positions were liquidated within minutes. Bitcoin’s enthusiasm was also shared by several altcoins which have surged higher today. Daily cryptocurrency market performance. Source: Coin360Bitcoin has closely followed PlanB’s Stock-to-Flow model projections in the past two months. If PlanB is lucky enough to be right for the thir
Źródło: https://cointelegraph.com/news/price-analysis-10-1-btc-eth-ada-bnb-xrp-sol-dot-doge-luna-uni
