BTC Pauses, Altcoins Present Opportunities
If BTC's price remains around this level throughout October, we can confirm that October is following our historical data analysis. According to our analysis, if September ends with a positive return in a bull market, October usually also has a positive return. Similarly, if September has a positive return consistently, October and November often follow suit with positive returns.
In this case, if we follow this data, October's price could reach 67.8K with a 7% return. This positive return in October increases the likelihood of a significant November close, potentially well above 71K.
BTC is about to undergo a sideways movement. The top of the range is 65.5K, and the bottom is 65.2K. It's too early to determine if this is the current range, as our target of 70K for the pattern we previously plotted is still open. So, what's the next step? I'll keep my BTC positions open and monitor some lagging altcoins for potential long positions, as they could offer better returns. I'm avoiding trading coins that aren't following BTC's movement, as their prices can diverge at any time.
Here's my watchlist: AVAX, PEPE, TON, AAVE, and TAO
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #ETHBTCNewLow
