Crypto Trader Predicts Greener October for Bitcoin, Ethereum, Dogecoin

The cryptocurrency market is experiencing a bullish surge with Bitcoin [BTC], Ethereum [ETH], and Dogecoin [DOGE] printing green candles. An optimistic trader has even projected that “October will print way greener candles,” indicating a potentially more robust market performance.

Key Market Statistics

• According to IntoTheBlock, the large transaction volume has decreased by 2.1%, and daily active addresses have seen a 4% drop. On the other hand, transactions over $100,000 have slightly increased from 8,367 to 8,415 within a single day, while netflows on exchanges have dipped by 85.8%.
• Per Coinglass data, 63,123 traders were liquidated in the past 24 hours totaling a whopping $149.18 million.

Recent Market Movers

Traders’ Insights

With Bitcoin hovering above the $65,000 mark, veteran trader Jelle remarked that the past six months were about endurance, but the upcoming half-year “will be about ensuring we secure substantial profits.” He advises fellow traders to “take profits in the coming months.”

Similarly, trader Bully has noted that despite facing multiple rejections, Bitcoin successfully climbed to $65,000 as predicted. He indicated, “As long as $64,400 holds, we can anticipate the price to fill the wick.” His insights are accessible on Twitter:

Stockmoney Lizards has also highlighted Bitcoin reaching a 30-day high, yet it remains below the peak achieved six months ago. In his optimistic forecast, “October will print way greener candles. $100,000 year-end target!”

Meanwhile, trader Skew’s four-hour chart analysis reveals that while there are still some wicks below $65,000, maintaining the price above this threshold suggests a major daily close is imminent.

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