Altcoin News by Thebittimes.Com

Bitcoin’s (BTC) bullish ‘Uptober’ reputation was shattered this year after the cryptocurrency ended October with a nearly 4% loss, marking its worst October performance since 2014. Now, according to cryptocurrency analyst and TradingView contributor TradingShot, the weak monthly close may signal the start of a deeper correction, potentially sending Bitcoin toward the $87,000 region in the weeks ahead. Bitcoin price analysis chart. Source: Finbold The analyst pointed to a fractal pattern mirroring Bitcoin’s price action between December 2024 and February 2025. During that period, BTC rejected a descending trendline, lost its higher-lows support structure, and ultimately fell roughly 32% from its all-time high.  The recent move, marked by a rejection at the 1-day 50-day moving average (MA), resistance on a descending highs trendline, and stalling at the 0.5 Fibonacci retracement, closely resembles that earlier setup. Notably, since mid-August, Bitcoin has made ...

The Bitcoin price tumbled 4% in October, breaking its seven-year ‘Uptober’ streak as ETF outflows, profit-taking, and macro jitters weighed on the market. An Analysis by Fortune showed it was Bitcoin’s fourth-worst October performance since 2013 and the worst in the past seven years. That left BTC trailing the S&P 500 stock index, which rose 2.3%. The sell-off came as more than $550 million flowed out of major Bitcoin and Ethereum ETFs late in the month, with analysts saying profit-taking also played a part as Bitcoin treasury firms, including Michael Saylor’s Strategy, also slowed their BTC buying. We just experienced the first red October in 7 years! We also had an historic liquidation in October! UPTOBER was a fraud, but MOONVEMBER?? imho; if you can, DCA more! if you can’t, DO NOT panic sell your bags for cheap! If you are out of $$ and you are sure of your port,… pic.twitter.com/LH7aYTwQeY — Blockchain Bob (@blockchainbob) ...