The Crypto Market Has Rebounded from its Low Point, but Further Signals Are Needed
Bitcoin is trading above $114.4k, trying to consolidate above its 50-day moving average. The first cryptocurrency is much worse than gold and silver at exploiting the narrative of US financial problems, showing very indecisive growth. Cryptocurrencies are being weighed down by pressure on the stock markets, for which the shutdown is a negative factor.
Bitcoin rose 6.1% in September to $114.6k, defying the seasonal trends of one of the two worst months of the year. In recent days, BTC has managed to approach the highs of the middle of the month.
From a seasonal perspective, October is one of the three best months of the year, which is why it is called ‘Uptober.’ Over the past 14 years, Bitcoin has ended this month with growth in 10…
