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) ...

Terra ’s LUNA token saw its highest price peak since June this past September, reaching a high of $6.7385. The Luna Crypto coin has picked up in momentum in the last 24 hours, with Binance completing its first “Luna Classic” burn of fees. With all the news circling Terra and Luna tax burn, October will see interesting shifts in the coin’s price. Here’s our prediction for LUNA in October. Source: Medium Luna Crypto Price Prediction: October 2022 LUNA is currently sitting at $2.55, according to CoinMarketCap. Terra is up 2.73% in the last 24 hours. Crypto experts at ChangellyBlog estimate that the average LUNA rate will float around $2.62974. After the surge in price in mid-September, the crypto has since leveled around the $2.53 range. Changelly predicts a slight bump in the LUNA price this month, with a max of $2.70973 and a minimum of $2.37976. It’s hard to predict a huge rise or fall for LUNA this month, so it’s safe ...

Shiba Inu spiked in the indices after the crypto markets rallied this week reaching new monthly highs. Bitcoin climbed above the $20,000 mark while Ethereum reached $1,500 levels for the first time in 40 days since the Merge. SHIB also moved in tandem with the markets printing decent gains of 10% since Monday. The dog-themed token was on the back foot last week after it briefly added an extra ‘zero’ in the indices but recovered in price as the markets rallied . Also Read: $1,000 Investment in Shiba Inu Turns Into $19 Million in October 2022 The token barely rallied this year and mostly dipped or traded sideways for 10 consecutive months. However, that didn’t stop retail investors and whales from accumulating the token. Both day-to-day investors and the ETH-rich list regularly purchased the dips on Shiba Inu throughout the year. This makes SHIB stand as an undisputed king in the crypto sphere as it attracts investors even when its price heads south. Also Rea...