Bitcoin: October Down 7.52% as Uptober Turns Red
@simplykashif reports Bitcoin down 7.52% in October on track for its largest monthly loss since 2014 and only the sixth negative October close in history.
SourceAnalysis
Bitcoin is down 7.52% this month, turning Uptober red for the second straight year and putting October on pace for its worst performance since 2014 according to @simplykashif.
At $77303.69 price sits below both the EMA50 at $79958.68 and EMA200 at $81390.74, confirming the bearish trend structure while the MACD death cross at -952.4 keeps downside momentum intact. RSI at 36.5 remains neutral and leaves room before oversold territory, yet the pair trades inside the Bollinger Bands with lower support at $75841.9 acting as the next logical magnet if selling persists into month-end.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.