as the October began the festivities of Uptoberfest started too and with it a a strong positive signal shook the market. for the past week bitcoin price has been smashing new highs almost every day surprising everyone.
currently sitting at a whopping 37.9% rise the market is showing a lot of promise. but price rise is not the only gift of this festival. Uptoberfest brought with it the slow down of the FUD against bitcoin, the huge loss of shorters and finally the whalebears who are now at a crossroad needing to make a decision, either to continue losing money or get on the bull train.
with the $50,000 resistance under a barrage of buy orders we could see this Uptoberfest end with a new ATH.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.
currently sitting at a whopping 37.9% rise the market is showing a lot of promise. but price rise is not the only gift of this festival. Uptoberfest brought with it the slow down of the FUD against bitcoin, the huge loss of shorters and finally the whalebears who are now at a crossroad needing to make a decision, either to continue losing money or get on the bull train.
with the $50,000 resistance under a barrage of buy orders we could see this Uptoberfest end with a new ATH.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.
We hope this scenario goes well until the end of this year, given that many things that affect bitcoin continue to be suppressed causing them to crash at times, but if you look at the picture, bitcoin is experiencing a fairly stable price for this month, despite the correction for bitcoin on the previous months, it was only temporary and the bitcoin recovery is quite fast at this time, I believe bitcoin will reach good value at the end of this year or until early next year.