CryptoQuant’s 3 charts keeping Bitcoin’s ‘Uptober’ thesis valid
Summary
Recent onchain data indicates that Bitcoin might have reached a local bottom at the start of October. Despite facing various external market pressures, the cryptocurrency managed to maintain sufficient underlying demand to keep its traditional bullish monthly outlook alive.
Bitcoin onchain analysis eyed a “potential bottom” for BTC price action in early October as demand weathered external headwinds.
Source: Read the full story at Cointelegraph.com News
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