Bitcoin ‘Uptober’ Kicks Off? Key Signals Ahead

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Market analysts and several metrics suggested that Bitcoin’s massive upward move was about to begin after BTC price closed September green.

The stablecoin SSR RSI signals “buy,” indicating high buying power.

Long-term Bitcoin holders have accumulated 298,000 BTC.

Bitcoin's green September close historically precedes Q4 rallies, averaging 78% gains.

Bitcoin whipsawed through September, but managed to close the month 5% higher at $114,000 on Tuesday.

Several key indicators now suggest that the recent recovery from $108,000 could signal a “big move” ahead, according to analysts. 

Bitcoin’s stablecoin metric signals “buy”
The Stablecoin Supply Ratio (SSR), which measures the buying power of stablecoins relative to Bitcoin, has declined, with its relative strength index (RSI) reaching its lowest in four months. 


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