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CATEGORY: uptober


Nov 01, 2021 07:25

Uptober: Bitcoin Sets Record For Monthly Close

Even after a mini-dip, Bitcoin still sets a new record for monthly close in October. When #Bitcoin makes a new ATH monthly close, it's usually just getting started!?? pic.twitter.com/9zEHE0ny04 — Bitcoin Archive ?????? (@BTC_Archive) November 1, 2021 Bitcoin achieved its highest monthly close in October, closing at $61,318 USD, according to CoinMarketCap. “Uptober” bested the […]

The post Uptober: Bitcoin Sets Record For Monthly Close appeared first on CryptosRus.

Oct 06, 2024 05:50

Bitcoin Investors Show Fear Could A Price Bottom Be Imminent?

In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary [...]

The post Bitcoin Investors Show Fear Could A Price Bottom Be Imminent? appeared first on Crypto Breaking News.

 Uptober builds strength as Bitcoin held on exchanges falls to 6-year low

Author: Cointelegraph by Nancy Lubale
United States
Oct 05, 2024 12:00

Uptober builds strength as Bitcoin held on exchanges falls to 6-year low

Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on?

 Focusing too much on Bitcoin Uptober is a mistake, says crypto trader

Author: Cointelegraph by Ciaran Lyons
United States
Oct 04, 2024 12:00

Focusing too much on Bitcoin Uptober is a mistake, says crypto trader

A crypto trader opined that market participants should step back from the Bitcoin Uptober hype and look at the bigger picture.

Oct 27, 2024 12:05

Bitcoin Could See One Last Shakeout In November, Here Are The Levels To Watch

Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election. Related Reading: Is The Cat Season Here? MEW Hits $1 Billion Market Cap After New ATH Bitcoin To Face Another Shakeout Soon This Uptober, Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones. In the last two weeks, BTC recovered 14% from the early October shakeouts, nearing a retest of the long-awaited $70,000 mark. The cryptocurrency faced major resistance after surging above the $69,000 zone, a level not seen since late July. After the unsuccessful retest, Bitcoins price faced a 5.3% pullback toward the $65,000-$66,000 range, failing to reclaim the $67,000 mark until Thursday. Based on BTCs recent performance, some analysts consider that the flagship crypto is poised to face another correction in the coming weeks. Crypto analyst Altcoin Sherpa revealed he is unsure about where Bitcoins extremely chippy conditions are headed in the short term. Sherpa shared that the cryptocurrency could see one last shakeout sometime in November. He suggested  BTC could face another pullback toward the $62,000-$64,000 price range around the time of the US Presidential elections, scheduled for November 5. However, the analyst believes that Bitcoin will continue its bullish rally after the shakeout. Another market watcher also forecasted another correction for BTCs near future. Analyst Crypto King stated that BTC is set to close above $70,000 this week before facing rejection from the key level. Following the rejection, Bitcoin would retrace 8% toward $64,000-$65,000, which could propel altcoins to start moving 5-6x from the current position, according to the analyst. Is BTC Set For A Green Weekly Close? Despite the rainy forecast, other investors remain bullish on the flagship crypto. Crypto analyst Moustache set the $67,000-$68,000 range as insanely important support levels. To the analyst, if BTCs price holds its support there, it will hit $70,000 soon. After Bitcoin jumped above the $68,000 resistance on Friday morning, Crypto Yapper noted that BTC broke out of a weekly bull flag and was ready for an exponential move.” The analyst also asserted that the next horizontal level to break before the $70,000 test is $69,000. Related Reading: Web3 Automation Provider Ava Protocols Demand Surges 900% Ahead Of Token Launch Nonetheless, he stated that Bitcoin should make a higher high to remain bullish. Similarly, Rekt Capital pointed out that BTCs old downtrend line is supporting, which serves as post-breakout confirmation. Per the post, the cryptocurrency would record a bullish weekly close above the $66,300 mark. The analyst also highlighted that if BTC closes above the $67,900 zone, It will register a very bullish weekly close ahead of Octobers last week. At the time of writing, BTC is trading at $67,737, a mild 0.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

 Popular crypto influencer Jaypeg accused of promotional scam

Author: Cointelegraph by Vince Quill
United States
Oct 21, 2024 12:00

Popular crypto influencer Jaypeg accused of promotional scam

In an attempt to apologize publicly, the crypto influencer purportedly donated $2,000 to The Turtle Foundation a conservation charity.

 Tethers USDT hits record $120B market cap, flashing Uptober signal

Author: Cointelegraph by Zoltan Vardai
United States
Oct 21, 2024 12:00

Tethers USDT hits record $120B market cap, flashing Uptober signal

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the Uptober narrative.

Oct 16, 2024 12:05

Bitcoins Road To $70,000? Analysts Set Next Targets As BTC Retests Key Levels

Bitcoin (BTC), the largest cryptocurrency by market capitalization, started the third week of October with a 6% daily surge. BTCs performance has fueled bullish sentiment among crypto investors and market watchers, who suggest it might be ready to move to $70,000. Related Reading: Why Isnt XRP Price Moving? Crypto Pundit Claims The Answer Bitcoin Reclaims Key Support Levels Bitcoin began the week reclaiming key resistance levels after a 6% surge from Sundays price. This performance saw BTC move from the $62,000 support zone to retest the $66,000 support area on Monday morning. Following the recent performance, Bitcoins October returns so far have turned green with a 3.17% monthly return, according to Coinglass data. Crypto analyst Rekt Capital highlighted Bitcoins recent movements, noting that BTC has been able to reclaim a 2-month downtrend as support. Per the analyst, the flagship cryptocurrency has retested a downtrend line dating back to late July since October started. BTC successfully retested and bounced from the trendline for two consecutive weeks, turning the range into support. Additionally, the analyst pointed out that Bitcoin has performed several successful retests, including a volatile retest of the 21-week Bull Market Exponential Moving Average (EMA). “Notice how the bottom of the green boxed area is confluent with the July Downtrend retest and the retest of the 21-week EMA is confluent with the top of the green box,” the analyst added. Similarly, Ali Martinez highlighted that BTC is currently making another attempt to reclaim the 200-day Moving Average after four consecutive rejections in the past two months. BTC Challenges August Highs Rekt Capital noted that BTC has solidified the $58,000-$61,000 range as a support area throughout the year: It has done so at a Higher Low compared to last month’s downside wicking lows as well as August’s downside wicking lows. Moreover, the analyst stated that Bitcoin challenged August highs, at around $64,200, after the recent retests of the key levels. He suggested that BTCs recent movements are a clear sign that Augusts level is weakening as resistance. Rekt Capital pointed out BTC is retesting the multi-month weekly downtrend channel top, which is also weakening as resistance. The flagship cryptocurrency successfully tested the channels range lows as support this month. The range lows have been 7-month confluent support with the previous all-time high (ATH) area. Nonetheless, the analyst noted that BTC must have a weekly close above the downtrend channels top to break out of this pattern. A weekly close above August highs, followed by a successful retest of this level, would pose a significant buy-side pressure on the Downtrending Channel Top, which could be accelerated if BTCs daily close sits above $64,200. Related Reading: WIF Bulls Charge Toward $2.89 As Key Resistance Test Looms Moreover, a daily close above $65,000 and a successful reclaim of the range as a support zone could send BTCs price toward the $70,000 resistance zone. The analyst noted that whenever Bitcoin closed the day above this level, the cryptocurrency moved within the $65,000-$71,350 range in the following days. As of this writing, BTC is trading at $65,812, a 4% and 10.3% surge in the weekly and monthly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com

Oct 15, 2024 03:00

Why is Bitcoin up today? 3 key indicators to watch for this week

Bitcoins price spiked over the weekend to above $64,000. Crypto market analysts predict that Uptober could usher in…

 Is Bitcoins Uptober beginning, or will todays BTC rally end with more of the same? 

Author: Cointelegraph by Big Smokey
United States
Oct 15, 2024 12:00

Is Bitcoins Uptober beginning, or will todays BTC rally end with more of the same? 

Bitcoin rallied to $66,300 on Oct. 14, but definitive proof of a structural trend change remains in question. 

Bitcoin Set For Breakout As Key $63K Level And U.S. Election Drive Momentum

Author: Arslan Tabish
Estonia
Oct 13, 2024 02:30

Bitcoin Set For Breakout As Key $63K Level And U.S. Election Drive Momentum

Bitcoin has been trading in a sideways trend over the past week, but some indicators that could herald a significant change are starting to appear. Data from blockchain analytical service CryptoQuant indicates that the percentage of Short-Term Holders (STHs) investors who have owned BTC for six months or less has fallen from 55% […]

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