Fast execution, robust charts, clean risk controls.
👉 Open account →
COINOTAG recommends • Exchange signup
🚀 Smooth orders, clear control
Advanced order types and market depth in one view.
👉 Create account →
COINOTAG recommends • Exchange signup
📈 Clarity in volatile markets
Plan entries & exits, manage positions with discipline.
👉 Sign up →
COINOTAG recommends • Exchange signup
⚡ Speed, depth, reliability
Execute confidently when timing matters.
👉 Open account →
COINOTAG recommends • Exchange signup
🧭 A focused workflow for traders
Alerts, watchlists, and a repeatable process.
👉 Get started →
COINOTAG recommends • Exchange signup
✅ Data‑driven decisions
Focus on process—not noise.
👉 Sign up →
Bitcoin’s price has not been as volatile lately, which has dampened investor motivation. According to the latest data, Bitcoin has been trading within a descending broadening wedge for the past 900 days.
Mags pointed out a pattern on BTC’s chart that resembles a bull signal. According to the share, BTC’s price entered a falling wedge pattern on September 29, signaling a bullish trend.
CryptoQuant’s data also showed a decrease in BTC’s exchange reserves, indicating that it was not under selling pressure. Bitcoin’s Coinbase Premium and funding rates were also in the green.
While low volatility in Bitcoin may be discouraging for investors, according to these predictions, a Bitcoin rally may not be far off!
Bitcoin Price Stuck in a Falling Wedge
Bitcoin’s price has not been as volatile lately, which has dampened investor motivation. According to the latest data, Bitcoin has been trading within a descending broadening wedge for the past 900 days. Therefore, it seemed likely that the king of cryptocurrencies would break free from its leash and start rising in the fourth quarter of 2023.
Cryptocon, a popular X (formerly Twitter) account that provides updates on the crypto market, recently pointed out that the Awesome Oscillator metric had crossed below the cycle bottom zone.
COINOTAG recommends • Professional traders group
💎 Join a professional trading community
Work with senior traders, research‑backed setups, and risk‑first frameworks.
👉 Join the group →
COINOTAG recommends • Professional traders group
📊 Transparent performance, real process
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing.
👉 Get access →
COINOTAG recommends • Professional traders group
🧭 Research → Plan → Execute
Daily levels, watchlists, and post‑trade reviews to build consistency.
👉 Join now →
COINOTAG recommends • Professional traders group
🛡️ Risk comes first
Sizing methods, invalidation rules, and R‑multiples baked into every plan.
👉 Start today →
COINOTAG recommends • Professional traders group
🧠 Learn the “why” behind each trade
Live breakdowns, playbooks, and framework‑first education.
👉 Join the group →
COINOTAG recommends • Professional traders group
🚀 Insider • APEX • INNER CIRCLE
Choose the depth you need—tools, coaching, and member rooms.
👉 Explore tiers →
According to the share, BTC’s price was at a market bottom level on October 1st, indicating that the cryptocurrency’s price would rise in the coming days.
Bitcoin Ultimate Oscillator
The share also suggested that this could be the last opportunity for investors to accumulate BTC before it reaches new highs:
COINOTAG recommends • Exchange signup
📈 Clear interface, precise orders
Sharp entries & exits with actionable alerts.
👉 Create free account →
COINOTAG recommends • Exchange signup
🧠 Smarter tools. Better decisions.
Depth analytics and risk features in one view.
👉 Sign up →
COINOTAG recommends • Exchange signup
🎯 Take control of entries & exits
Set alerts, define stops, execute consistently.
👉 Open account →
COINOTAG recommends • Exchange signup
🛠️ From idea to execution
Turn setups into plans with practical order types.
👉 Join now →
COINOTAG recommends • Exchange signup
📋 Trade your plan
Watchlists and routing that support focus.
👉 Get started →
COINOTAG recommends • Exchange signup
📊 Precision without the noise
Data‑first workflows for active traders.
👉 Sign up →
“Bitcoin is offering you one last accumulation opportunity, but most will squander it, predict a recession, and fret about macro.”
Additionally, Mags, a popular crypto analyst, pointed out a pattern on BTC’s chart that resembles a bull signal. According to the share, BTC’s price entered a falling wedge pattern on September 29, signaling a bullish trend.
Bitcoin Descending Broadening Wedge
According to this pattern, the technical target should be between $70,000 and $80,000. While no one can truly predict what the future holds, taking a look at the cryptocurrency’s on-chain performance provided a better understanding of where BTC might be heading in the short term.
COINOTAG recommends • Traders club
⚡ Futures with discipline
Defined R:R, pre‑set invalidation, execution checklists.
👉 Join the club →
COINOTAG recommends • Traders club
🎯 Spot strategies that compound
Momentum & accumulation frameworks managed with clear risk.
👉 Get access →
COINOTAG recommends • Traders club
🏛️ APEX tier for serious traders
Deep dives, analyst Q&A, and accountability sprints.
👉 Explore APEX →
COINOTAG recommends • Traders club
📈 Real‑time market structure
Key levels, liquidity zones, and actionable context.
👉 Join now →
COINOTAG recommends • Traders club
🔔 Smart alerts, not noise
Context‑rich notifications tied to plans and risk—never hype.
👉 Get access →
COINOTAG recommends • Traders club
🤝 Peer review & coaching
Hands‑on feedback that sharpens execution and risk control.
👉 Join the club →
What to Expect from Bitcoin
The charts mentioned above looked positive for BTC, as the cryptocurrency managed to push itself above $27,000. At the time of writing, BTC was trading at $27,140, with a market capitalization of over $528 billion.
CryptoQuant’s data also indicated a decrease in BTC’s exchange reserves, suggesting that it was not under selling pressure. Bitcoin’s Coinbase Premium and funding rates were also in the green, indicating a prevailing sentiment of buying in the market.
However, some metrics for the cryptocurrency appeared concerning. For instance, according to Coinglass, BTC’s Open Interest has been increasing over the past few days while the price has been falling. In general, a decrease in Open Interest signifies that an ongoing price trend may be coming to an end – this is not a bullish signal.
