Did Bitcoin ‘Uptober’ just start? Analysts say watch these key signals next
From cointelegraph.com
Bitcoin whipsawed through September, but managed to close the month 5% higher at $114,000 on Tuesday. Several key indicators now suggest that the recent recovery from $108,000 could signal a “big move” ahead, according to analysts. The Stablecoin Supply Ratio (SSR), which measures the buying power of stablecoins relative to Bitcoin, has declined, with its relative strength index (RSI) reaching its lowest in four months. The Bitcoin “SSR RSI is at 21, and is ‘buy’ territory,” said onchain data provider CryptoQuant in part to an X thread on Tuesday. The last time the RSI was around this level coincided with BTC price ...
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