Bitcoin Slams Through $65K: 4 Reasons Why ‘Uptober’ Is Back On The Table
Posted On October 14, 2024
Bitcoin (CRYPTO: BTC) has broken the $65,000 mark, trading at $65,840 at the time of writing, up 5.4% over the past 24 hours.
What Happened: Crypto trader Stockmoney Lizards has turned bullish, noting that while many are anticipating further lows, they may soon be left behind due to several indicators:
- Bull Market Bottom: Bitcoin is in a bull market, having experienced a 90% pump in February and March. The price has since cooled down and retraced to the 0.618 Fibonacci Retracement, typically marking the bottom in a bull market.
- Market Structure Change: There has been a subtle change in market structure, with Bitcoin forming …
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