Author: Cointelegraph by Nancy Lubale

Bitcoin Investing Made Simple!

‘Uptober’ builds strength as Bitcoin held on exchanges falls to 6-year low

Bitcoin held on exchanges fell to a new low while spot Bitcoin ETF inflows resumed pace. Is Uptober back on? Source link

Bullish Bitcoin traders switch sides and target new BTC lows under $60K

Traders agree that Bitcoin’s short-term price prospects are strongly angled toward the downside.  Source link

Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode

Despite this week’s sell-off, onchain and technical data highlight an encouraging shift in the Bitcoin market. Source link

$100K Bitcoin price depends on 'increasing demand' and ‘favorable seasonality’ — CryptoQuant

History favors Bitcoin’s price prospects for Q4, but CryptoQuant analysts caution that a consistent uptick in demand will be a critical component.   Source link

Bitcoin metrics reset and point to ‘major move’ in Q4 — Analysts

Analysts say Bitcoin’s prolonged downtrend reset its key price metrics, setting BTC up for a stellar Q4 performance. Source link

Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts

Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend. Source link

Bitcoin investment product inflows top $1B as BTC rallied to $66K — CoinShares report

Investors piled into Bitcoin investment funds and crypto ETPs, with more than $1 billion in inflows over the last week. Source link

Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach

Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally. Source link

Bitcoin analysts say BTC is in a ‘good position’ above the 200-MA and $65K

Bitcoin’s strong rally puts it in a “good position” where the 200-MA and $65,000 level could potentially serve as a new level of support. Source link

Bitcoin price stuck in ‘extended consolidation phase’ due to drop in capital inflows — Report

Bitcoin’s significant drop in capital inflows over the last six months is contributing to the current price consolidation.  Source link