🚀 Bitcoin breaks IDR 28,400 for the first time since mid-August, making investors optimistic that "Uptober" has arrived! Data shows BTC wallets accumulated billions of dollars in the past month, possibly pushing prices even higher.
- Bitcoin wallets with 10-10K BTC don't sell or use their coins. Since September 1, the wallet collected a total of 415,000 BTC worth about $1.17 billion.
- Santiment analysis says a return of Bitcoin's market value to $30,000 is increasingly likely.
However, if these wallets start selling their coins, it could threaten the current bullish trend and make prices fall again.
What is "Uptober"? Usually, October is a good month for the price performance of Bitcoin and other digital assets. CoinGlass data says that October has only recorded negative results twice since 2013.
Experts say this price increase will continue throughout October, a month that is usually good for the crypto market. Moreover, there is speculation that the US SEC will approve the Bitcoin ETF proposal from BlackRock Inc.
Furthermore, Bitcoin will face major resistance at the $30,000 level as the next major hurdle. Come on, give your opinion in the comments column! 💬
- Bitcoin wallets with 10-10K BTC don't sell or use their coins. Since September 1, the wallet collected a total of 415,000 BTC worth about $1.17 billion.
- Santiment analysis says a return of Bitcoin's market value to $30,000 is increasingly likely.
However, if these wallets start selling their coins, it could threaten the current bullish trend and make prices fall again.
What is "Uptober"? Usually, October is a good month for the price performance of Bitcoin and other digital assets. CoinGlass data says that October has only recorded negative results twice since 2013.
Experts say this price increase will continue throughout October, a month that is usually good for the crypto market. Moreover, there is speculation that the US SEC will approve the Bitcoin ETF proposal from BlackRock Inc.
Furthermore, Bitcoin will face major resistance at the $30,000 level as the next major hurdle. Come on, give your opinion in the comments column! 💬