After a Volatile October, Bitcoin Regains Bullish Momentum as Technical Indicators Indicate Surge to $140,000
Bitcoin is approaching the end of October with a slight upward trend after a volatile month marked by a significant sell-off. BTC, the largest cryptocurrency by market cap, is currently trading near $115,000, which is 8% below its all-time high.
Furthermore, the broader is also gaining momentum again after suffering massive liquidations in mid-October. The crash triggered over $18 billion in liquidations in the derivatives market, signaling widespread volatility.
Nonetheless, Bitcoin has increased by 5% over the last month, and prices are now facing resistance at $116,000. This recovery has sparked cautious optimism among market participants, despite Bitcoin’s typically strong performance in October.
Analysts say staying above key support levels in the coming days will be crucial to determining whether the market can sustain a broader rebound or collapse.
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