CryptoQuant’s 3 charts keeping Bitcoin’s ‘Uptober’ thesis valid

Bitcoin onchain analysis eyed a “potential bottom” for BTC price action in early October as demand weathered external headwinds.

Bitcoin (BTC) can still preserve its traditionally strong October performance, as onchain data points to a local BTC price bottom forming.

Key points:

New analysis published on crypto analytics platform CryptoQuant Monday show onchain conditions in a state of “cautious optimism.” 

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