Shopping Cart

No products in the cart.

Shopping Cart

No products in the cart.

Bitcoin price to $62K? Bearish div hints at a slow start to Uptober

Bitcoin open interest is testing a yearly high range of $35B while spot volumes remain skewed towards the sell side, indicating higher downside volatility. 

Bitcoin’s (BTC) monthly price chart is less than 48 hours away from completing a bullish engulfing pattern for the first time in more than 18 months. The last time this happened was in January 2023, marking the bearish bottom from 2022.

Bitcoin 1-month chart. Source: TradingView

While Bitcoin’s long-term trend for Q4 and early 2025 looks positive, recent signs indicate there might be downside volatility in the short term.

Read more

Bitcoin open interest is testing a yearly high range of $35B while spot volumes remain skewed towards the sell side, indicating higher downside volatility. 
Bitcoin’s (BTC) monthly price chart is less than 48 hours away from completing a bullish engulfing pattern for the first time in more than 18 months. The last time this happened was in January 2023, marking the bearish bottom from 2022.Bitcoin 1-month chart. Source: TradingViewWhile Bitcoin’s long-term trend for Q4 and early 2025 looks positive, recent signs indicate there might be downside volatility in the short term.Read more  

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .