Can Bitcoin hit $131K in October? - THIS 4-year cycle says yes: Heres why
WikiBit 2025-04-28 12:13
Bitcoin’s cost basis shows the possibility for a market rally with a new all-time high close if momentum is maintained. A fractal pattern and accumulation
Bitcoin
Can Bitcoin hit $131K in October？ – THIS 4-year cycle says yes: Heres why
In fact, on the hourly chart, Bitcoin crossed its STH cost basis at $93,145. Of course, sustaining above this level remained crucial for maintaining bullish momentum and aiming for new all-time highs.
Source: Glassnode
Source: Santiment
Moreover, further analysis revealed strong accumulation trends.
In the past 48 hours alone, Santiment data showed 20,000 BTC, worth $1.86 billion, had been purchased from the market.
Source: Alphractal
The market has just reacted off a key ascending support line that has led to a market rally since 2018.
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