CandleFocus Will October Bring a Rise in Bitcoin (BTC) and Altcoins? Two Different Views from Peter Brandt and Willy Woo!
2024-10-02
Author: Content Editor
Bitcoin initially dropped 4 percent following Iran's missile attack on Israel but has since rebounded to $61,800. Analysts Peter Brandt and Willy Woo provide their assessments, with Brandt stating that the recent rise did not break the seven-month downtrend, and a major uptrend will only begin if Bitcoin closes above $71,000. Woo agrees with a bearish medium-term outlook but expects an increase in the long term, suggesting a 1-3 week pause before the next bullish attempt.
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