๐ BTC Analysis ๐ฐ โ October 1. Will history repeat itself?
BTC is once again approaching resistance at $27,300 and buyers are accumulating volume for a possible breakout of this level. If they manage to close the daily candle above, it could mark the start of a new local uptrend.
Although historically September has been the worst month for Bitcoin (and there are several reasons for this), BTC closed the previous month with a +3.5% gain, indicating significant accumulation from the big players during a period of declining volumes among retail traders.
๐ซ If this situation continues, the local bullish trend could evolve into the start of a new bull market, during which fundamentally strong small-cap altcoins could become growth leaders (as was the case in 2021 and 2017 ) .
#BTC $BTC
BTC is once again approaching resistance at $27,300 and buyers are accumulating volume for a possible breakout of this level. If they manage to close the daily candle above, it could mark the start of a new local uptrend.
Although historically September has been the worst month for Bitcoin (and there are several reasons for this), BTC closed the previous month with a +3.5% gain, indicating significant accumulation from the big players during a period of declining volumes among retail traders.
๐ซ If this situation continues, the local bullish trend could evolve into the start of a new bull market, during which fundamentally strong small-cap altcoins could become growth leaders (as was the case in 2021 and 2017 ) .
#BTC $BTC
