Bitcoin: chronicle of a predicted explosion?
Regardless of whether we rely on CoinMarketCap or CoinGlass, Bitcoin is not yet on the path to explosion taking advantage of Uptober. So far, September was even much better, during which the world’s first cryptocurrency rose brilliantly. As for him, the 10th month of the year is currently quite bad, with a slight decline of 1.73% since the 1st of the month. In any case, this is what CoinGlass tells us, which shares the monthly performance of BTC.
This Tuesday, October 8, again, the price of Bitcoin was falling without the slightest scheduled increase. However, for Titan of Crypto, a rocky path does not detract from the growth possibilities that await BTC. Moreover, the path would already be mapped out for a certain explosion in October.
In any case, this is what Titan of Crypto is currently banking on, which gives BTC another three weeks to take off. The analyst still thinks that October is the month of departure, like what happened previously. There would therefore still be three months left for the long-awaited end-of-year rally.
To go further: what price for BTC in 2024, 2025 and 2030?
A golden cross synonymous with growth?
At the same time, the investor noted other good news for the world’s first crypto. Indeed, since it is about to see a golden cross formation hatch on its weekly chart. For the analyst, we even find something very similar to last year: a fake death cross before the confirmation of a golden cross.
Last year, an episode like this managed to trigger a 145% increase for Bitcoin. Despite everything, this new formation will still have to be confirmed for the largest crypto in the world. For the moment, difficulties persist for BTC which alternates a lot between good and bad at the start of October. We will have to erase the bearish side from the shelves to hope for better.
Moral of the story: when it doesn’t work, it doesn’t work even if the indicators are in favor.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.
