Attention crypto enthusiasts! đ
Bitcoin (BTC) is on the cusp of completing a monthly bullish engulfing pattern for the first time in over 18 months. While the long-term signs for Q4 and early 2025 are positive, we could see volatility in the short term.
- BTC has risen parabolically from its local low of $52,150 on Sept. 6.
- Open interest (OI) has reached $35 billion, but the funding rate remains flat, indicating indecision.
- Spot traders are aggressively selling at the $66K resistance.
Do you think BTC will maintain its bullish momentum or will we see a correction? Let us know your thoughts in the comments!
