October has dawned on the crypto community, bringing with it a flurry of speculation and analysis. A notable thread by Mags, @thescalpingpro, provides a nuanced insight into Bitcoin's potential market movements, highlighting the possibility of Bitcoin reaching $35,000.
September Recap: Setting the Stage for 'Aptover'
September saw Bitcoin close just below the $27,275 mark, thus establishing that level as a new local monthly resistance. This significant outage sets the tone for October, a month historically known as 'Uptober' in the crypto world for its bullish trends.
Key Levels to Monitor
The price of Bitcoin is currently hovering between two key levels:
$23,400 area: Crossed in March, this level has turned into a strong monthly support zone, acting as a barrier against potential downside.
September Recap: Setting the Stage for 'Aptover'
September saw Bitcoin close just below the $27,275 mark, thus establishing that level as a new local monthly resistance. This significant outage sets the tone for October, a month historically known as 'Uptober' in the crypto world for its bullish trends.
Key Levels to Monitor
The price of Bitcoin is currently hovering between two key levels:
$23,400 area: Crossed in March, this level has turned into a strong monthly support zone, acting as a barrier against potential downside.