As September draws to a close, speculation is beginning to emerge as to what may happen to Bitcoin price action in October, such is the appreciation of some analysts as Bitcoin price will reach USD 30,000 in October.
According to information released by William Suberg, "BTC price hits USD 27,000 in new rally, this according to data from Cointelegraph Markets Pro and TradingView tracked BTC price action as bulls gathered strength to reach USD 26,823."
For Suberg, "The 2% jump to near-weekly peaks came as market commentators were already watching the thin upper resistance, with a breakout in play should it fail to rebound"
For "cryptocurrency traders dodge massive liquidations, CoinGlass data confirms that short position liquidations remain modest, with about USD 13 million in BTC short positions being liquidated, while the cross-cryptocurrency tally amounted to USD 39 million."
In my opinion already the Bitcoin price action has lateralized enough in this important area, so, it is not out of the question to see a significant price rebound in the month of October. I would like to know your opinion on this.
SOURCES CONSULTED
Cointelegraph. Bitcoin price to $30K in October, says analyst as BTC price climbs 2%. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
