October may herald a significant shift in the cryptocurrency market, with several indicators pointing towards a potential bear market. According to BeInCrypto, 10x Research's Bull/Bear Market Indicator has turned bearish, and Bitcoin's momentum appears to have stalled. Additionally, CryptoQuant's Bull-Bear Market Cycle Indicator has entered the 'Bear' zone, and the 365-day moving average is approaching zero.
Analysts are also observing the four-year market cycle and a break in the RSI trendline as further signs of a possible downturn. While the market's future remains uncertain, these signals suggest that the coming months could be pivotal in determining whether the market resets or regains its strength.
October Indicators Signal Potential Bear Market in Crypto
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