Recently, there have been analyses suggesting that Bitcoin, which has shown signs of improvement in various on-chain indicators, will drive a bull market in October.
In relation to this, the report states that "Bitcoin got off to a sluggish start in October.
"However, in terms of on-chain and technical indicators, there is a high possibility that the situation will improve in the future," he said. He continued, "According to Cryptoquant Data, there are currently 2
"This is the lowest level since November 2018," they said. "This indicator is a sign of reducing downward pressure and leading the market to bullishness."
"This is one of the key catalysts for Bitcoin to make a new low," he added. "Moreover, Bitcoin has recently signaled the possibility of making a higher low."
2024/10/07 16:01 KST
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