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Bitcoin gained more than 3% in October, reaching $66,000. With Wall Street opening on October 14, whales’ buying pressure further revived crypto markets.
According to the data, Bitcoin price increased by nearly 5% during the day, approaching its highest levels in two weeks. Trading in the US accelerated with the purchases that started in the Asian session.
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Bitcoin Uptober Analysts Raises Conserns
Crypto market analysis platform Material Indicators stated that large Bitcoin whales are buying again at the current price levels. The platform emphasized that there are signs that a major sell wall, especially located at $65,500, is about to be broken.
With Bitcoin’s rise to $66,000, important trend lines on daily charts have regained strength as support levels. Popular analyst On-Chain College drew attention to the fact that bull market support levels such as the 200-day moving average and the short-term investor cost floor are back in play, and asked, “Has Uptober started?” brought up the question.
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