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 cryptocurrency’s previous monthly high of $57,750 USD back in April.
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- Bitcoin’s March monthly close came just before Coinbase’s much-hyped debut on Nasdaq. Fueled by the hype around the crypto exchange’s shares trading at the Boomer Casino, Bitcoin reached it’s previous all-time high of $64k by Mid-April.
- Tech_Dev52 of Twitter says, “We are now headed toward our second monthly RSI peak like every cycle before.” It’s true the indicators are pointing to a lot of similarities between previous cycles.
- Back in June, the go-to Bitcoin seer PlanB tweeted his worst-case scenario of 63k for Bitcoin in October. Not bad. “Ok ok, 3% rounding error .. close enough for me,” Plan B said via Twitter last night. He added, “Next targets: Nov>$98K, Dec>$135K.”
- Bitcoin is up about 1.5% for the week. Not bad considering it was the week of October expirations. There have been several very positive news catalysts the last week like Australia announcing that they will be approving physically-backed Bitcoin (and Ethereum) ETFs.
- Bitcoin currently sits in the 62k range as of press time, up 2.5% in the last 24 hours.
The post Uptober: Bitcoin Sets Record For Monthly Close appeared first on CryptosRus.
Text source: CryptosRus
