Odds for the resumption of “Uptober” dwindle as Bitcoin, Ether and most altcoins continue toward new lows. Will next week’s US economic calendar events help restore the uptrend?
Key points:
Bitcoin is finding buying support below the $107,000 level, but the relief rally is likely to be sold into.
Several altcoins have reached strong support levels, but the lack of a solid rebound suggests the downward pressure may continue for a while.
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