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Bitcoin Resumes Uptrend in 2023 with Impressive 26% Gains in October, According to Research

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“Bitcoin’s resurgence in October 2023 showcases its unwavering resilience as it surges ahead with a remarkable 26% uptrend, reigniting investor interest and propelling the world’s most popular cryptocurrency towards new heights.”



Bitcoin is expected to end 2023 on a positive note, according to on-chain analytics firm Glassnode. The cryptocurrency has seen gains of nearly 30% in October, setting the foundation for a potential uptrend in its price. Bitcoin surpassed several resistance levels, including key moving averages, indicating increased strength in the market. The profitability of various investor groups has also improved, with the average recent investor seeing a profit of +20%. Glassnode’s analysis suggests that the recent correction found significant support, paving the way for the recent rally. The presence of long-term holders (LTHs) owning a majority of the available Bitcoin supply further supports the positive outlook. While the market still faces profitability issues, Glassnode remains optimistic about the potential for a resumption of the 2023 uptrend. However, investors should conduct their own research and exercise caution when making investment decisions.

  • Savor the Flavor: Discovering the Best Tex Mex in San Antonio

    Savor the Flavor: Discovering the Best Tex Mex in San Antonio

    Welcome to a tantalizing culinary journey through the vibrant flavors of Tex Mex cuisine in San Antonio. From sizzling fajitas to cheesy enchiladas, our city is home to some of the best Tex Mex eateries that will have your taste buds dancing with delight. Join us as we explore the delicious dishes that have been…

  • Study: Biden’s Student Loan Cancellations to Add $559 Billion Burden on Taxpayers

    Study: Biden’s Student Loan Cancellations to Add $559 Billion Burden on Taxpayers

    A recent study has revealed that President Biden’s plan to cancel student loan debt could end up costing taxpayers a staggering $559 billion. This news has sparked debates among policymakers and taxpayers alike, as many question the potential financial burden this may place on the country. With student loan debt at an all-time high, the…

  • Bitcoin Halving Event Creates Speculation of Major Price Surge – Experts Predict Record-Breaking Rally

    Bitcoin Halving Event Creates Speculation of Major Price Surge – Experts Predict Record-Breaking Rally

    Bitcoin, the popular digital currency, is set to undergo a significant event known as the halving. This event, which occurs approximately every four years, will cut the reward for mining new bitcoins in half. Many experts believe that this event may lead to a substantial increase in the value of Bitcoin, sparking a potential rally…

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