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Bitcoin gears up for ‘Uptober’ after $114K rally revives bulls

Bitcoin's price surged by 4.5% in under 48 hours, reaching $114,000, following a significant correction previously that saw it fall to $109,500 from $115,600. This correction was attributed to long positions de-leveraging, indicating a healthier setup for future price increases. Centralized exchanges show a trend of accumulation with outflows exceeding inflows by around 170,000 BTC over the past 30 days. Analysts suggest that as funds stabilize above $113,000, a potential rally could lead to targets above $115,000. However, a short-term CME gap risk remains at $111,300, which has historically been revisited, indicating a possibility for a slight pullback before any extended rally. Trading indicators indicate a cooling funding rate, aiding in a gradual increase in leverage. A strong close above $115,000 might reduce the probability that the price will dip back to $111,000. Historical trends show a high likelihood of CME gap fills, which are critical for near-term price assessments in the bullish context of Q4.

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A ‘spooky’ Ethereum correlation suggests an imminent breakout

Ethereum has shown a strong correlation with small-cap stocks, particularly the Russell 2000 index, which is sensitive to interest rates. Analysts suggest that both assets could gain momentum in light of potential interest rate cuts from the Federal Reserve. Current market conditions indicate a 95.7% probability of a 0.

Gold Skyrockets Past $4K, Bitcoin (BTC) Looks South as Dollar Index Hits 2-Month

Bitcoin and gold have diverged over the past 24 hours amid a strengthening dollar index. Gold has surged to record highs above $4,000, while Bitcoin's price has dropped 2.4% to approximately $121,340. This decline follows Bitcoin's failure to breach a key resistance level

Dogecoin Plunges 8% Before Whale Buying Stabilizes at DOGE Prices $0.25

Dogecoin experienced a significant drop of 8% as large holders, known as whales, sold off their holdings when the price faced resistance at $0.27. This sell-off led to a dip to approximately $0.25, but subsequent buying activity, particularly from institutional investors, stabilized the price. The trading environment remains

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