Bitcoin [BTC] has enjoyed a comfortable rally over the last few weeks, thanks to bullish market conditions.
Bitcoin had a comfortable first month of Q4 2023 as its price rallied substantially. However, November might be different, as a few indicators looked bearish.has enjoyed a comfortable rally over the last few weeks, thanks to bullish market conditions. Over the first month of Q4 2023, BTC’s price surged by more than 22%.
Thanks to that, the coin’s 4-week price volatility has also gained upward momentum in the recent past. Bitcoin’s popularity over the last month also remained high, as evident from the spike in its social dominance.’s weighted sentiment also went up quite a few times in October, meaning that positive sentiment around BTC was dominant.Santiment’s data further revealed that BTC remained in demand among whales as its whale transaction count remained up throughout the last month.
Thanks to the recent price uptrend, BTC’s miners’ revenue also remained pretty stable throughout the last month, as perBitcoin’s October 2023 price action was bullish and provided much-needed hope to investors as we experienced the longest bearish market ever since the inception of crypto. Moustache, a popular crypto analyst, recently posted a tweet on X highlighting an interesting development about the king of cryptos.’s True Strength Index displayed a bullish pattern on BTC’s daily chart. For starters, TSI is a technical momentum oscillator used to identify trends and reversals.
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