According to a top trader known as the "Byzantine General," Bitcoin is currently showing positive indicators, including strong demand on the spot market and resilience to declines. However, caution is advised as there are contradictory signs in the larger picture, with open interest volatility suggesting market uncertainty. Key price levels to watch include $62,000 support and $65,000 resistance, with a further resistance at $68,000. Monitoring the market's response at these levels will determine whether Bitcoin enters a consolidation or bullish phase.
- Content Editor ( u.today )
- 2024-10-01
Uptober Might Not Be Guaranteed for Bitcoin (BTC), But Top Traders Are Bullish