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Bitcoin (BTC) is entering its most historically bullish period of the year, with data showing that late October through early November has delivered the highest probability of positive returns over the past decade. A 10-year seasonality Analysis indicates that Bitcoin has recorded gains in up to 90% of instances during this timeframe, according to insights shared by charting platform TrendSpider.  Bitcoin seasonality chart. Source: TrendSpider This pattern has often preceded major rallies, including the strong uptrends seen in 2017 and 2020, as investor sentiment and liquidity typically strengthen heading into year-end. Market observers note that Bitcoin’s seasonal trend aligns with the ongoing consolidation phase around the $110,000 spot, suggesting conditions could be favorable for another leg higher. The pattern held true in 2024, when Bitcoin surged past $100,000 for the first time, fueled by spot ETF inflows, renewed institutional demand, and growing regu...

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Bitcoin and gold surged on safe-haven demand after the US government shutdown, fueling talk that an Uptober rally is underway. The shutdown began at 12:01 a.m. ET when Congress failed to pass a funding bill, sending investors into traditional and digital stores of value. Bitcoin climbed above $116,000, while gold set its 39th record high this year. Crypto market leader Bitcoin, often seen as a digital store of value, saw its price soar more than 3% to trade at $116,846.22 as of 8:03 a.m. EST, according to data from CoinMarketCap.  BTC price (Source: CoinMarketCap ) The move sharpened focus on Bitcoin’s historical October strength, with traders noting the crypto is just 6% below its all-time high of $124,457.12 that it set on Aug. 14 as it begins a seasonally bullish quarter. “Right now, Gold is hitting new highs, which means Bitcoin will do this next,” said @TedPillows, with more than 209k followers, on X. ” $BTC has been highly correlated to Go...

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After dropping below the crucial $110,000 support zone, Bitcoin (BTC) has entered a prolonged consolidation phase, with a trading expert identifying key price levels to watch. Specifically, Analysis by Ted Pillows indicates that with limited movement, the leading digital currency is showing signs of acting like a stablecoin, which could be the calm before volatility, he said in an X post on September 28. Bitcoin price analysis chart. Source: Ted Pillows According to his insights, at the current level, the $107,000 mark stands as immediate support. If that area fails to hold, Pillows noted that Bitcoin could fall toward the $100,000 zone, where stronger demand is expected. On the flip side, reclaiming $113,500 would put bulls back in control, opening the way toward $118,000 and potentially the $124,000 resistance. Bitcoin price remains in the chop zone  Meanwhile, Analysis by BitBull offered another outlook for Bitcoin amid the current indecision by tr...

New data from the crypto intelligence platform Swissblock reveals that Bitcoin (BTC) and altcoins are on the cusp of a reset phase that should have them seeing green. In a new thread on X, Swissblock says the aggregated impulse technical indicator – or the measurement of the exponential price structure of the top 350 digital assets – shows that most assets are about to bottom out and reset. “We’re in the reset phase. The last 7 times this signal triggered since 2024, it marked a major bottom. What happened next? BTC rallied +20-30%. Altcoins surged +50-150%. We track this with the most accurate tops and bottoms signal in the market: Aggregated Impulse, by Altcoin Investor, It measures exponential price structure across the top 350 assets.” Swissblock says the indicator shows 22% of altcoins are at a negative impulse, with bottoms usually forming when 15-25% of them are displaying a negative impulse. According to the crypto analytics platform, Et...

This morning, Bitcoin Core developers celebrated improved block reconstruction statistics for node operators while conveniently ignoring the reason for these statistics — the downward trend in fees for Bitcoin’s security budget. Reacting with heart emojis and thumbs up to a green chart showing over 80% “successful compact block reconstructions without any requested transactions,” they conveniently omitted red trend lines of the fees that Bitcoin users pay for mining security which powered those green statistics. Block reconstructions occur when a node requests additional information about transactions within a compact block. Although compact blocks allow nodes to quickly relay valid bundles of transactions across the internet, the more frequently that nodes can reconstruct without extra, cumbersome transaction requests from their peers is a positive trend. Because so many nodes switched over in August to relay transactions bidding 0.1 sat/vB across the...

According to a post shared by Cointelegraph, a Bitcoin (BTC) wallet has awakened after nearly 13 years of dormancy, with more than $53 million in profit. The wallet moved 0.25 BTC, worth about $28,000, after being inactive for more than a decade. The wallet still holds 479.44 BTC valued at $53.56 million. Source: Cointelegraph Why Did The Bitcoin Wallen Wake Up? Vanadi Coffee Bitcoin Treasury Plan – Source: Tekedia It is possible that the wallet owner wanted to take out the principal amount invested. Since the wallet was asleep for such a long time, it is possible that the wallet owner forgot or lost their keys, and found it after more than 12 years. There is also a possibility that the wallet owner wants to book profits after Bitcoin (BTC) hit an all-time high of $124,128 in August. BTC Entering Consolidation Phase? Bitcoin (BTC) has faced a steep correction after its ascent to a new peak last month. BTC’s price is down by 10.6% since its all-time high. According to CoinCod...

Eric Trump, son of President Donald Trump, and Coinbase CEO Brian Armstrong are predicting that Bitcoin will surge to $1 million per coin. Trump said BTC would hit $1 million ”in a couple of years, while Armstrong said it would get there by 2030. Eric Trump Calls Himself A ”Bitcoin Maxi”  During an appearance at the SALT conference in Wyoming, the self-proclaimed “bitcoin maxi” said BTC reiterated his year-end target for BTC of $175,000 per coin. “You go out a couple of years, there’s no question Bitcoin hits a million bucks,” he said . He also said that the Trump organization now spends more than 50% of its time on crypto ventures.  Armstrong Cites Improving Regulatory Clarity, Says G20 Nations May Follow US On Crypto Speaking with John Collison on the “Cheeky Pint” podcast, Armstrong said that his “rough” estimation is that the Bitcoin price will reach $1 million by 2030.  I think we'll see...

Bitcoin (BTC) is trading at $112,851, down 5.98% on the weekly chart. The move marks its lowest point in three weeks and extends a sharp reversal from the all-time high of $124,457 set on August 14, leaving the cryptocurrency down 9.3% from last week’s peak. BTC has broken below its 1D 50-day moving average (MA) for the first time in two months, triggering short-term jitters, though it remains comfortably above the 200-day SMA. The daily Relative Strength Index (RSI) has fallen to 40, a level that marked major lows in both August and June.  Despite the pullback, according to cryptocurrency analyst TradingShot , Bitcoin’s current structure resembles a fractal (a recurring chart pattern that mirrors previous phases in price and momentum) from its 2020 cycle. In fact, both the RSI and price action now look similar to late 2020, when BTC began its steep climb. BTC 2024 vs 2020 sequence. Source: TradingShot/Tradingview Back then, BTC’s rebound set the stage for its ...

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A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction. The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level. “Send it.” Source: Bluntz/X Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000. Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a new uptrend after completing an ABC correction. Bitcoin is trading at $117,262 at time of writing. Next up is the Bonk (BONK) memecoin. According to the widely followed analyst, BONK is “holding up remarkably well” amid a Bitcoin correction. Bluntz suggests BONK has completed an ABC-wave pattern to the downside a...