Analyst reveals when to catch the next buying opportunity for Bitcoin
Bitcoin (BTC) closed October with a strong 11% gain, marking its second consecutive green monthly close, although it fell short of ‘Uptober’ expectations. The month opened with a sharp dip to $58,855, which bulls quickly leveraged as a springboard for a rally, driving BTC near record levels. Despite a modest pullback on October 31, BTC rebounded above $70,270, ending the month on a strong note and leaving investors on alert for potential buying opportunities as November kicks off. BTC seven-day price chart. Source: Finbold As of press time, Bitcoin was trading at $71,405, with a modest 0.5% gain over the past 24 hours and a monthly gain exceeding 16%. Notably, the close of October saw Bitcoin charting two consecutive green monthly candles, a well-known bullish signal that often suggests a buying opportunity. Picks for you Ri...