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BREAKING: Bitcoin potentially facing first October dip in 7 years?! Altcoins selling like hotcakes as BTC struggles to break $110,000 resistance
Repetitive sell pressure on altcoins amidst BTC’s struggle near $110,000 hints at bearish sentiment; contrasting analyst views on BTC’s trajectory
Key points: 📉 Bitcoin may end October in the red for the first time in seven years. Altcoins hitting support levels indicate selling during rallies. 🐻 BTC price struggles near $110,000, raising the risk of a red October close. Analysts differ on BTC’s future, with some suggesting a peak in its cycle and others, like Arthur Hayes, dismissing the four-year cycle. 📉 Net outflows from BTC spot ETFs indicate caution among institutional investors. 📊 Analysis of top 10 crypto charts to identify crucial support levels.
Bitcoin Price Prediction: 📈 BTC defends $107,000 but faces resistance at $111,557. Break below $107,000 may trigger a double top pattern with a potential drop to $100,000. Conversely, a breakout above $111,557 could maintain BTC in a range of $107,000 to $126,199.
Ether Price Prediction: 🐻 ETH finds support at descending channel line. A move below could push price to $3,350, while a break above moving averages may keep it within the channel.
BNB Price Prediction: 📉 BNB faces a battle at 50-day SMA. A close below 50-day
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