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Bitcoin beats S&P 500 in October as $40K BTC price predictions flow in

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Bitcoin stays mid-range into the weekly and monthly candle closes, but some are betting on a $40,000 BTC price.

Bitcoin has "plenty of fuel" to get it to $40,000, analysis argues, as BTC price stares down the weekly and monthly candle close.The largest cryptocurrency avoided significant volatility as the weekly and monthly closes — a key moment for the October uptrend — drew ever nearer.“Roughly $33-35K is what I'm looking at as a range. Eyes on potential sweeps of any of these levels for a quick trade.

“Over the course of the past month, we've finally seen ‘the bullish decoupling’ for BTC from equities that everyone was waiting for,” heBTC/USD vs. S&P 500 annotated chart. Source: Kaleo/X Others focused on the significance of recent resistance levels being within days of flipping to weekly and monthly support.

 

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