CryptoQuant Analysis Points to Possible Bitcoin Bottom in October
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Onchain analysis highlighted by Cointelegraph suggested Bitcoin may be nearing a price bottom as demand held up against external pressures.
Bitcoin onchain analysis in early October pointed to a possible price bottom, according to a Cointelegraph report highlighting three CryptoQuant charts.
The analysis indicated that demand remained resilient despite external headwinds. That offered support for the possibility of a stronger October, often called “Uptober” in crypto markets.
The signals did not establish that a bottom had formed. The outlook remained tentative, with demand resilience underpinning the case for a potential recovery.
Source: Cointelegraph
