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Historically BTC dominance is often green in October.
Spotlight for this month is not for Alts.
Bitcoin's price is now above the mid-point of the monthly Bollinger Band.
Historically, this has been the beginning of a move to the top of the upper Bollinger Band
The current top monthly Bollinger Band is $40K
My theory is CME traders don't want to BTC to go up due to the bearishness of macro context but It is also failed to push price to go lower 27k while stock & gold market is dumping hard.
So there is a room for crypto bulls at weekend.
This might cause a chaos
https://twitter.com/DylanLeClair_/status/1709712204675555651
For those who are new in this space.
Craig Wright - the man behind BCH.
Bitcoin Production cost now is 37k.
Miners are in loss now. It is 35% away to breakeven for mining.
The same situation was at 17k at Jan.
