$BTC Faces a Second Straight Red October. Can Uptober Still Be Saved?
Bitcoin is struggling to keep the Uptober narrative alive.
As of October 17, BTC was down around 4% for the month, after briefly falling below $80,000.
But October isn’t over yet.
For BTC to finish green, it needs to reclaim its October opening price of around $84,856 and hold above it through month-end.
ETF outflows, inflation concerns and pressure across risk assets have weighed on the market.
A late-month bounce is still possible, but historical October gains alone won’t make it happen.
Will Bitcoin save Uptober, or are we heading for another red October?
Bitcoin is struggling to keep the Uptober narrative alive.
As of October 17, BTC was down around 4% for the month, after briefly falling below $80,000.
But October isn’t over yet.
For BTC to finish green, it needs to reclaim its October opening price of around $84,856 and hold above it through month-end.
ETF outflows, inflation concerns and pressure across risk assets have weighed on the market.
A late-month bounce is still possible, but historical October gains alone won’t make it happen.
Will Bitcoin save Uptober, or are we heading for another red October?