Bitcoin’s all-time high was on March 14, 2024, trading at $73,750.07 per bitcoin. The lowest intraday price that the crypto traded in the past year was $27,130.47 on Oct. 16, 2023. The original crypto is up by 139% year over year.

Van de Poppe shared the following chart in an X post showing Bitcoin’s latest run above $68,000, which saw the bulls take the supply-side liquidity at around $65,000. According to the chart, Bitcoin price is likely to drop first to collect the demand-side liquidity around $64,130 before another leg up.

The October bullish narrative for Bitcoin is gradually losing steam as investors show fear of further capitulation.

Bitcoin (BTC) is breaking out from a 217-day pattern. The Bitcoin price reached a 79-day high on Oct. 16. Can BTC sustain its increase toward

Data shows that the total number of Bitcoin futures contracts reached 566,270 on Oct. 15, the highest level since January 2023. In US dollar terms, the current open interest stands at $38 billion, just 2.5% below its all-time high from March 28, 2024. This marks a clear indication of increased demand for leverage using BTC derivatives.

Traditional stock markets often experience positive pre-holiday returns across multiple regions. ​​This analysis addresses Bitcoin’s response to global holidays. Does Bitcoin mimic traditional asset patterns,