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Bitcoin Heads for a Red October With 4 Bullish Signals Still Intact

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Bitcoin Heads for a Red October With 4 Bullish Signals Still Intact

Bitcoin (BTC) is heading for a second straight losing October, down 4.10% since the month began. Yet 4 signals across price, positioning, on-chain data, and macro still lean bullish. Galaxy and Santiment see signs of a bottom, while Glassnode data shows recent buyers have cooled off. Bitcoin’s November record, however, gives reason for caution. Bitcoin The post Bitcoin Heads for a Red October With 4 Bullish Signals Still Intact appeared first on BeInCrypto.

Key Takeaways

  1. Bitcoin (BTC) is heading for a second straight losing October, down 4.10% since the month began.
  2. Yet 4 signals across price, positioning, on-chain data, and macro still lean bullish.
  3. Galaxy and Santiment see signs of a bottom, while Glassnode data shows recent buyers have cooled off.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.