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Bitcoin Bulls Calling Early 'Uptober'

From tickmill.com

Crypto bulls are proclaiming the start of ‘Uptober’, considering the moves we’re seeing across the space today. BTC and ETH are both surging higher with BTC up around 6% since the Asian open last night. Prices remain well bid through early European trading on Monday with around $70 million worth of shorts said to have been liquidated during the overnight surge. Seasonal data suggests that October is typically a bullish month for crypto with Bitcoin only seeing two negative returns on the month in the ten years since 2013. Whether the rally will hold remains to be seen, with USD bouncing off the session lows as of ... (full story)

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  • Category: Technical Analysis