I’m not giving up on Uptober until October is officially over.
And no, I’m not being delusional. 😅
The charts are still giving us reasons to stay optimistic.
Despite all the recent negative news, both $BTC and $ETH have managed to hold their WMA50. That’s important. The market has been tested, but the structure hasn’t completely broken.
We’ve seen this kind of situation before.
Remember around $62K? Saylor was selling BTC, Coldcard got hacked, exchanges were shutting down, and the sentiment was getting ugly.
Yet Bitcoin didn’t collapse.
Instead, it went on to pump more than $25,000.
That’s why I’m still watching the current setup closely.
If BTC can break and hold above the $87.5K resistance, I think we could see the next leg higher start to unfold.
October still has time left.
Let’s see what Bitcoin does. 👀
And no, I’m not being delusional. 😅
The charts are still giving us reasons to stay optimistic.
Despite all the recent negative news, both $BTC and $ETH have managed to hold their WMA50. That’s important. The market has been tested, but the structure hasn’t completely broken.
We’ve seen this kind of situation before.
Remember around $62K? Saylor was selling BTC, Coldcard got hacked, exchanges were shutting down, and the sentiment was getting ugly.
Yet Bitcoin didn’t collapse.
Instead, it went on to pump more than $25,000.
That’s why I’m still watching the current setup closely.
If BTC can break and hold above the $87.5K resistance, I think we could see the next leg higher start to unfold.
October still has time left.
Let’s see what Bitcoin does. 👀