BTC price gets $36K FOMC target as Bitcoin prints 29% ‘Uptober’ gains

Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains.

BTC/USD 1-month chart. Source: TradingViewMonthly close boosts Bitcoin bull market hopes

Data from Cointelegraph Markets Pro and TradingView confirms Bitcoin bulls successfully held on to upside into Nov. 1.

After navigating a choppy mid-month trading environment, hodlers were treated to a finale similar in character to October’s initial breakout.

Monitoring resource CoinGlass thus put October as the second best-performing month of 2023. Bitcoin gained 28.5%, trailing only January’s 39.6%.

BTC/USD monthly returns (screenshot). Source: CoinGlass

Reacting, popular trader…

Read more on Cointelegraph

38.5K Reads