Bitcoin (BTC) has reclaimed the $63,000 price and pushed October to a green month.
To many analysts, this signifies the start of Uptober.
The expectation for a bullish Q4 has gained greater momentum as whale activity increases.
Bitcoin surpasses the $63,000 price mark pushing the month of October to flip green. Analysts expect this to be the first sign in October suggesting the start of Uptober. This along with multiple other bullish signals like major BTC whale activity and what seems to be an incoming supply shock, further points to the start of a bullish Q4.
October Flips Green Signaling Uptomber Start
Following his bullish flip, many analysts are coming forward sharing major green indicators in the Bitcoin (BTC) price chart. So far, Bitcoin has printed multiple bullish indicators and major green signals like a cup and handle formation, a golden cross, formation, a hidden bullish divergence pattern, and many other signs indicating a major BTC price pump soon.
This price pump was highly expected by almost every crypto and Bitcoin analyst. Historically, Q4 is a bullish quarter for the crypto market, especially so in a Bitcoin Halving month. This paired with the fact that September closed in a high green signal makes it even more bullish for October and the rest of Q4 to follow September’s bullish lead.
Multiple Indicators Greenlight BTC’s Upcoming Pump
https://twitter.com/AurelienOhayon/status/1842949080093516197
As we can see from the post below, the price chart of Bitcoin (BTC) seems to be repeating the same bullish cycles as those prior. Similar observations are being made by many other reputed analysts, and the silver-tongued Doctor Profit highlights $66,000 as Bitcoin’s next trend high target.
https://twitter.com/SenseiBR_btc/status/1842851712341614815
Meanwhile, other analysts expect this upcoming bull run to be the biggest bull run ever. One analyst even goes so far as to say that this will be the last bull run for crypto degens as next cycle onwards, the crypto market will become too mainstream and significant gains will no longer be a possibility due to heavy institutional participation.
The post Bitcoin Flips Green for October After Reclaiming $63,000 Price Target, Analysts Identify Start of Uptober appeared first on Crypto News Land.
