Bitcoin (BTC) wanted to keep $ 44,000 on Oct. 1, as the month’s close sparked a late show of strength.
Monthly BTC end corresponds to PlanB
Cointelegraph Markets Pro and TradingView data tracked BTC / USD as it bounced back to $ 44,000 for the first time on Thursday, then tested lower lows before rising any higher.
While Bitcoin still failed to break the resistance at $ 45,000 and more, it didn’t disappoint with its end-of-month performance, which, according to Cointelegraph, is almost exactly what the stock modeler predicted, PlanB-Flow in the second month of operation.
Next target: October> 63 thousand, November> 98 thousand, December> 135 thousand pic.twitter.com/C45nfQkQSC
– PlanB (@ 100 trillion USD) October 1, 2021
With $ 63,000 now slated for October, expectations are high that Bitcoin will make up for lost ground in the fourth quarter.
“September is bad. October is great. November is great. December is great ”, Cointelegraph employee Michaël van de Poppe summary, urged Twitter followers to “buy f * cking dip”.
Van de Poppe highlights the historic accomplishment in different months of each year, which Cointelegraph previously described as 30 “boring” days, all but September.
Others, however, are more cautious. In its latest market update, crypto trading firm QCP Capital said it will remain cautious in its overall approach to the market.
The executives summarize: “Overall, we struggled to find trend-setting beliefs between macro and market trends.
Persistent macro factors include China’s rerun of its crypto crackdown and two U.S. issues: legislation and the ability to approve Bitcoin Exchange Traded Funds (ETFs).
On Friday, a vote originally scheduled for Monday on the government’s infrastructure bill was postponed again after a shutdown was canceled in a separate vote later this month.
Ethereum returns to $ 3,000
Altcoins, meanwhile, saw a modest 24-hour move, which was once again surpassed by Binance Coin (BNB) with a 6% daily increase.
Related: Bitcoin’s long overdue ‘FOMO rally’ could see BTC price hit a high of $ 200,000 – Bobby Lee
However, all of the top ten cryptocurrencies by market capitalization are green at press time, which is a refreshing contrast to recent moves.
Ether (ETH), the largest altcoin, traded over $ 3,000 at a 3% gain.