Experts List 3 Reasons For BTC Price to Kickstart Bull Rally in October

Quick Summary:

With Bitcoin price stalling above a key resistance level of $65,000, experts believe that the seven-month consolidation could be coming to an end.

There are multiple reasons why the past week’s rally could be a precursor move that restarts the BTC bull run that began in 2023.

Referencing the CME premium and stale funding rates, Lunde added that the  “current [crypto] market structure closely resembles the market structure exactly one year ago.

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Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: India

Topics: Bitcoin Price Analysis Bitcoin BTC price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 13:00:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 49 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23088088

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

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News Last Updated: 8 hours ago

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