Bitcoin

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/01/2c4c5126183169675217f738a3dbee7e.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/01/2c4c5126183169675217f738a3dbee7e.webp 800w, https://cdn.thebittimes.com/images/2023/10/01/2c4c5126183169675217f738a3dbee7e.webp 450w, https://cdn.thebittimes.com/images/2023/10/01/2c4c5126183169675217f738a3dbee7e.webp 750w, https://cdn.thebittimes.com/images/2023/10/01/2c4c5126183169675217f738a3dbee7e.webp 768w" sizes="(max-width: 800px) 100vw, 800px"> 
As September nears its end, the Bitcoin landscape brims with positivity. Indications hint at a forthcoming <a rel="noopener noreferrer nofollow" title="Bullish" href="https://thebittimes.com/tag/bullish.html">Bullish</a> spree, especially if Bitcoin finishes the month on a green note. Besides, this month’s <a rel="noopener noreferrer nofollow" title="Bullish" href="https://thebittimes.com/tag/bullish.html">Bullish</a> candle points to an upbeat October trajectory. 
Significantly, John Bollinger, the mastermind behind the <a rel="noopener noreferrer nofollow" title="Bollinger Bands" href="https://thebittimes.com/tag/bollinger-bands.html">Bollinger Bands</a>, offered some valuable insights. On Thursday, the 73-year-old market maven highlighted a crucial two-bar reversal for $BTCUSD. This reversal, occurring on September 11/12 at the lower Bollinger Band, according to Bollinger, is pivotal. He mentioned, “This is a good setup for a walk up the upper band; just need a bit more strength to confirm.” Moreover, to provide a clearer perspective, he included a relevant chart. 
Additionally, a crypto analyst, Matthew Hayland echoed the sentiments about Bitcoin’s performance. In his Friday tweet, Hayland observed the two-week <a rel="noopener noreferrer nofollow" title="Bollinger Bands" href="https://thebittimes.com/tag/bollinger-bands.html">Bollinger Bands</a> for Bitcoin are the tightest since 2015. Hence, these are the most compressed they’ve ever been. Historically, such tight compressions usually precede substantial price swings, often catching the market off-guard. Hayland has also keenly observed the weekly Bollinger Bandwidth, which has shown a significant contraction. 
Beyond these patterns, other Bitcoin indicators reflect optimism. Gert van Lagen, another crypto specialist, emphasized a notable bullish cross in Bitcoin’s moving averages. Via his tweet on Thursday, he pinpointed the 200-day Simple Moving Average (SMA) overtaking the 200-week SMA. Such a move is typically interpreted as a bullish sign. Consequently, this observation aligns with the bullish crossover witnessed in June, where the daily 200 and Weekly 200 exponential moving averages (EMAs) intersected. 
However, despite these positive signs, Bitcoin underwent a brief period of consolidation. This phase came after a commendable price surge past the $27,000 mark on Thursday. At the time of reporting, Bitcoin’s price settled at $26,864, marking a slight 0.70% dip in 24 hours. 
In conclusion, with these technical insights and expert views, the Bitcoin community looks forward with renewed hope. The stage seems set for an upcoming <a rel="noopener noreferrer nofollow" title="Bullish" href="https://thebittimes.com/tag/bullish.html">Bullish</a> wave. 
&nbsp; 
The post Bitcoin Gearing Up For A <a rel="noopener noreferrer nofollow" title="Bullish" href="https://thebittimes.com/tag/bullish.html">Bullish</a> October? Expert Insights Speak Volumes appeared first on BitcoinWorld. 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-gearing-up-for-a-bullish-october-expert-insights-speak-volumes-tbt64700.html">https://thebittimes.com/bitcoin-gearing-up-for-a-bullish-october-expert-insights-speak-volumes-tbt64700.html</a>

Bitcoin Gearing Up For A Bullish October? Expert Insights Speak Volumes

TheBitTimes

Other articles published on Sep 30, 2023

How to Spot Tokens Before They Are Listed on Binance

Crypto Experts Predict Polygon’s MATIC Token Will Explode 145X. Here’s When

Top 5 German Fintech Companies That Investors Should Look For

Chainlink’s Co-Founder Highlights The Perils Related To Bridge

Bitwise to Debut 2 Ethereum ETFs on October 2

U.S. dollar lost 99.5% of its value against Bitcoin in the last 10 years

Join our free newsletter for daily crypto updates!