With only a few hours till the key monthly closure, Bitcoin (BTC) provided new retests of $60,000 support on Oct. 31.
On Sunday, price activity was disappointing, with BTC/USD closing below the “worst-case scenario” for its October close.
Analysts were eagerly expecting the conclusion of the month to see if the worst-case scenario could be proven right for the third month in a row.
PlanB, the inventor of the stock-to-flow model, properly predicted the August and September finales at $47,000 and $43,000, respectively.
Even if you don’t succeed, finishing October with a total of more than $60,000 would be a significant accomplishment in and of itself.
As previously said, Bitcoin’s performance has been weaker on Sundays this month, with Monday contrasting the tone with a show of strength — particularly heading into the U.S. open.
“BTC daily says November is coming,” wrote popular trader and analyst TechDev on the day, focusing on the upcoming month.
As Bitcoin’s value fell, altcoins followed suit, with the top 10 cryptocurrencies by market cap all losing ground in the last 24 hours.
Shiba Inu (SHIB), the star of the week, has dropped even further, down 13% at the time of writing but still up 45 percent for the week.
The Crypto Fear & Greed Index has shown diminishing “greed” in recent days, mirroring the lack of upside.
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