Bitcoin’s short-term structure signals that most of October could be a cooling-off period before the “next bullish attempt,” according to a crypto analyst.
Bitcoin’s (BTC) chart structure is still struggling to break into bullish territory, and a retest of its $73,679 all-time high might take longer than the optimists hope, according to crypto analysts.
“Structure mid-term is bearish, moving to neutral and trying to get bullish. ATH will take time,” popular Bitcoin analyst Willy Woo opined in an Oct. 2 X post.
He pointed out that Bitcoin’s short-term structure signals that the next one to three weeks may be a cooling-off period before “the next bullish attempt.”
