Here Is Why Bitcoin’s New All-Time Highs Are Likely In October 2024

After wrestling with the relentless selling pressure from the Grayscale Bitcoin Trust ETF (GBTC), combined liquidations of around 60,000 BTC by the German and the US governments, distributions to Mt Gox creditors amounting to over 100,000 BTC, and additional distributions related to the collapse of Celsius, Gemini, and Genesis Trading, Bitcoin is still trading at a $64,000 price handle. And, as we approach the strongest month for Bitcoin, as per historical precedents, the chorus around new all-time highs is building up to a near-deafening crescendo. Bitcoin Bulls Have Successfully Absorbed A Selling Pressure Of Around 1.2 Million BTC So Far […]

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