Browsing: Quantitative Tightening

Bitcoin concludes October with its first monthly loss in seven years, breaking the ‘Uptober’ streak and entering November amid heightened volatility and mixed market signals. Technical analysis reveals critical support and resistance levels, while institutional inflows and macroeconomic factors shape the uncertain outlook for Bitcoin’s historically strongest month.

Bitcoin faces a potential first negative October performance in eight years, with current prices 2.3% below the monthly start, threatening the ‘Uptober’ bullish tradition. Historical data from CoinGlass and insights from economists like Timothy Peterson highlight rare declines and rebound potential, while technical analysis identifies key support and resistance levels. Institutional inflows and Federal Reserve policies could offer relief, but risks remain in this volatile market environment.