Bitcoin price action exactly conforms to PlanB’s predictions for a second time, and if history repeats itself, BTC/USD should be at $63,000 by the end of the month.
Bitcoin (BTC) was keen to retain $44,000 vào tháng 10. 1 as the monthly close sparked a late show of strength.
BTC monthly close matches PlanB’s prediction
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before heading even higher.
While still not tackling resistance at $45,000 và cao hơn, Bitcoin did not disappoint with its end-of-month performance, this almost exactly matching predictions from stock-to-flow model creator PlanB for a second month running.
Next targets: Oct>63k, Nov>98k, Dec>135k pic.twitter.com/C45nfQkQSC
- Kế hoạch B (@ 100trillionUSD) Tháng Mười 1, 2021
Với $63,000 now planned for October, expectations were high for Bitcoin to make up for lost ground going into Q4.
“September was bad. October is great. November is great. December is great,” Cointelegraph contributor Michaël van de Poppe summarized, telling Twitter followers to “buy the f*cking dip.”
Van de Poppe highlighted historical performance across various months each year, something which Cointelegraph previously noted all but consigned September to be a “boring” 30 ngày.
Khác, Tuy nhiên, were more cautious. Trong bản cập nhật thị trường mới nhất của nó, crypto trading firm QCP Capital said that it would remain cautious in its approach to the market as a whole.
“Nhìn chung, we struggle to find any directional conviction amidst the macro and market crosswinds. Our strategy going into Q4 is to remain fairly neutral and nimble,” executives summarized.
Macro factors at play were China’s reiteration of its crypto crackdown and two United States issues: legislation and the potential approval of a Bitcoin exchange-traded fund (ETF).
Vào thứ Sáu, a vote on the government’s infrastructure bill, originally slated to happen Monday, was again delayed after a shutdown later this month was averted in a separate vote.
Ether returns to $3,000
Altcoins, trong khi đó, saw another 24 hours of modest-to-flat moves, again headed by Binance Coin (BNB) trên 6% daily gains.
Có liên quan: Bitcoin ‘FOMO rally’ long overdue that could see BTC price top $200K — Bobby Lee
All of the top 10 cryptocurrencies by market capitalization were in the green at the time of writing, Tuy nhiên, marking a refreshing contrast to recent action.
Ether (ETH), the largest altcoin, traded above $3,000 on the back of 3% trả lại.
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