October has dawned upon the crypto community, bringing with it a wave of speculations and analyses. A notable thread by Mags, @thescalpingpro, provides a meticulous insight into Bitcoin’s potential market movements, highlighting the possibility of Bitcoin reaching the $35,000 mark.
September Recap: Setting the Stage for ‘Uptober’
September saw Bitcoin closing just below the $27,275 mark, thereby establishing this level as the new local monthly resistance. This pivotal closing sets the tone for October, a month historically known in the crypto world as ‘Uptober’ due to its bullish tendencies.
Key Levels to Monitor
Bitcoin’s price is currently encapsulated between two substantial levels: