Bitcoin Rebound Is About To Happen, This On-Chain Data Show

Bitcoin is having a sluggish “Uptober” as compared to how it rallied during the same month last year.

According to online crypto data provider Statmuse, the largest cryptocurrency by market capitalization ended October 2021 with an average price of $58,051, peaking at $66,890 on the 21st day of the month.

But bitcoin is in a different space right now as for the first 12 days of the month, it is averaging $19,516, tallying its month-high on October 6 when it…


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