"Welcome to Oktobear, not Oktobull!"
Bitcoin bulls are in for a rude awakening this month. Historically, October has been dubbed Uptober, a time for Bitcoin to rally. But not this year. The signs are clear: market sentiment is shifting, and Bitcoin is standing on the edge of a cliff, ready to plummet.
With global economic tensions rising, inflationary pressures, and regulatory crackdowns intensifying across major markets, it's no surprise that Bitcoin is struggling to hold its ground. Major institutions are offloading their holdings, and the whales are retreating, leaving the retail investors to face the storm alone.
The technicals are flashing red: the charts are showing lower highs, volumes are thinning, and key support levels are weakening. We're not looking at a correction â weâre staring at the possibility of a freefall. Don't be surprised if Bitcoin takes a deep dive this month. Forget Oktobull, welcome to Oktobear! A time where Bitcoin is set to tumble into the abyss."
