as the October began the festivities of Uptoberfest started too and with it a a strong positive signal shook the market. for the past week bitcoin price has been smashing new highs almost every day surprising everyone.
Right, no one expects it to smash $50k resistance very quick. Because the last time we broke $50k, it took us like 3x to finally breach it and then sustained the run to $52k.
currently sitting at a whopping 37.9% rise the market is showing a lot of promise. but price rise is not the only gift of this festival. Uptoberfest brought with it the slow down of the FUD against bitcoin, the huge loss of shorters and finally the whalebears who are now at a crossroad needing to make a decision, either to continue losing money or get on the bull train.
Maybe because FUD doesn't have the sting effect on the market, yeah, it did bring it down to $42k but we have recovered, showed a lot of promising by punishing those who go short on bitcoin.
with the $50,000 resistance under a barrage of buy orders we could see this Uptoberfest end with a new ATH.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.
those who took the fantastic discount of last month and bought bitcoin can now sit back, relax and see the rise unfold and possibly see $100k this month. but those who were fooled by the FUD have to now be filled with regret as they wantch the price grow.
October really started very hot, and hopefully it will go parabolic and possible to see $100k whether this month or before the year ends.
