‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week
October 2021, with 40% gains, becomes the best for Bitcoin price action since December 2020, even beating the Q1 run.
Bitcoin (BTC) sees a volatile start to a new week and a new month after its first-ever monthly close above $60,000 — what’s next?
The timing varies, and so do the predictions. In store for BTC/USD this month could be a monthly close of nearly $100,000 — but also a dip to near $50,000.
After a highly anticipated end to “Uptober,” bulls are looking to November to provide the next phase of what they hope — and sometimes promise — will be a BTC price surge like no other.
Bitcoin is anything but “up only” on short timeframes, however, and Sunday’s close was met with noticeable downside volatility post factum — a trip to $59,500 — before another surprise took it above $62,000 hours later.
Perhaps slightly nervous are fans of PlanB’s “worst-case scenario” price predictions, these calling for at least $63,000 for the end of October.
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