The analyst has determined the monthly closing price of Bitcoin for 2 consecutive months-his October target is $63,000

Bitcoin (Bitcoin) Was keen to retain $44,000 on October 1, because the monthly closing triggered a strong performance in the later period.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

The monthly closing price of BTC is in line with PlanB’s forecast

Data from Cointelegraph Markets Pro with Transaction view Follow BTC/USD to return to the 44,000 USD mark for the first time on Thursday, and then test lower levels before moving higher.

Although the resistance of $45,000 and higher has not been resolved, Bitcoin’s month-end performance has not disappointed, which is almost in line with the forecast of the stock-to-flow model creator PlanB for the second consecutive month.

Now with plans for $63,000 in October, people have high expectations for Bitcoin to make up for the lost ground into the fourth quarter.

“September is bad. October is great. November is great. December is great,” Cointelegraph writer Michaël van de Poppe Summarize, Tell Twitter fans “Buy at a fucking low price.”

Van de Poppe emphasized the historical performance in different months of each year. This is Cointelegraph Pointed out earlier Almost all September became “boring” 30 days.

However, others are more cautious. In its latest market update, crypto trading company QCP Capital stated that it will remain cautious in its attitude towards the entire market.

“In general, it is difficult for us to find any directional belief in the macro and market headwinds. Our strategy for entering the fourth quarter is to remain fairly neutral and agile,” the executive concluded.

The macro factors that come into play are China’s reiteration of its crackdown on cryptocurrencies and two issues in the United States: legislation and Potential approval Bitcoin Exchange Traded Fund (ETF).

On Friday, vote on the government’s infrastructure bill, original Occurring on Monday, the closure was postponed again after being avoided in a separate vote later this month.

Ether returns to $3,000

At the same time, altcoins experienced mild 24-hour volatility, again led by Binance Coin.Bitcoin) 6% of daily profit.

related: Bitcoin “FOMO rebound” is long overdue, and the price of BTC may exceed $200,000 — Bobby Lee

However, at the time of writing, all the top 10 cryptocurrencies by market capitalization are in a green state, which is in sharp contrast to the recent trend.

Ether (Ethereum), the largest altcoin, with a trading price of over US$3,000 supported by a 3% return.

ETH/USD 1-hour candlestick chart (Bitstamp). Source: TradingView