RATE Group | Bitcoin – Bulls Look to Shake Off 2-Months in the Red
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Bitcoin – Bulls Look to Shake Off 2-Months in the Red

01 Oct Bitcoin – Bulls Look to Shake Off 2-Months in the Red

Posted at 10:56h in Bitcoin News by

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Bitcoin rose by just 0.37% on Sunday, partially reversing a 0.65% decline on Saturday, to end the week down 1.31% to $6,621.9, the week’s loss contributing to September’s 5.61% fall, while Bitcoin managed to gain 3.6% for the September quarter.

A relatively choppy end to the quarter saw Bitcoin recover from pullback to an early morning low $6,556.8, a broad based cryptomarket rally leading Bitcoin to a late morning intraday high $6,662.8, falling short of the first major resistance level at $6,666.87 before being hit by a cryptomarket sell-off.

Tracking the broader market, Bitcoin slid back through to sub-$6,600 levels and an intraday low $6,529.6 before finding support, the first major support level at $6,485.97 left untested on the day. A late in the day recovery saw Bitcoin move back through to $6,600 levels and into positive territory by the day’s end to support a positive start to the 4th quarter.

With Bitcoin seeing red for a 2nd consecutive month, pinning back the gain…

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