Markets· ★★· bullish·

DonAlt says bitcoin's monthly chart still looks strong

  • —DonAlt called the monthly BTC chart the only truly relevant one
  • —BTC fell to $79,965 on Binance on Oct. 15 before recovering
  • —CryptoQuant sees a break above $81,700 as trend confirmation
  • —Downside supports cited at $70,000 and $62,000–65,000
Why it matters: The monthly-timeframe read supports bullish sentiment but does not remove the risk of a drop below $81,700.
Source: TokenPost