Analyst nails Bitcoin monthly close 2 months running
Bitcoin price action exactly conforms to PlanB’s predictions for a second time, and if history repeats itself, BTC/USD should be at $63,000 by the end of the month. Bitcoin (BTC) was keen to retain $44,000 on Oct. 1 as the monthly close sparked a late show of strength. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it first returned to the $44,000 mark Thursday, then test lower levels before heading even higher.
While still not tackling resistance at $45,000 and higher, Bitcoin did not disappoint with its end-of-month performance, this almost exactly matching predictions from stock-to-flow model creator PlanB for a second month running. With $63,000 now planned for October, expectations were high for Bitcoin to make up for lost ground going into Q4.
“September was bad. October is great. November is great. December is great,” Cointelegraph contributor Michaël van de Poppe summarized, telling Twitter followers to “buy the f*cking dip.”
Van de Poppe highlighted historical performance across various months each year, something which Cointelegraph previously noted all but consigned September to be a “boring” 30 days. Others, however, were more cautious. In its latest market update, crypto trading firm QCP Capital said that it would remain cautious in its approach to the market as a whole.
“Overall, we struggle to find any directional conviction amidst the macro and market crosswinds. Our strategy going into Q4 is to remain fairly neutral and nimble,” executives summarized.
Macro factors at play were China’s reiteration of its crypto crackdown and two United States issues: legislation and the potential approval of a Bitcoin exchange-traded fund (ETF). On Friday, a vote on the government’s infrastructure bill, originally slated to happen Monday, was again delayed after a shutdown later this month was averted in a separate vote.
Ether returns to $3,000
Altcoins, meanwhile, saw another 24 hours of modest-to-flat moves, again headed by Binance Coin (BNB) on 6% daily gains. All of the top 10 cryptocurrencies by market capitalization were in the green at the time of writing, however, marking a refreshing contrast to recent action. Ether (ETH), the largest altcoin, traded above $3,000 on the back of 3% returns.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 59.6% | 82 | $29 061.38 | -3.12% | 8.51% | $553 437 248 437 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 60.4% | 82 | $1 945.79 | -4.82% | 7.60% | $235 121 509 369 |  |
|
| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.998827 | -0.02% | 1.30% | $74 126 138 317 |  |
|
| 4 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000289 | 0.01% | -0.07% | $52 357 980 078 |  |
|
| 5 |  BNB |
Binance Coin predictions | 58.4% | 83 | $295.81 | -1.43% | 29.99% | $48 299 672 655 |  |
|
| 6 |  XRP |
XRP predictions | 68% | 71 | $0.402156 | -6.01% | 13.86% | $19 441 465 904 |  |
|
| 7 |  BUSD |
Binance USD predictions | 92.4% | 1 | $1.001637 | 0.15% | -0.51% | $18 442 645 566 |  |
|
| 8 |  ADA |
Cardano predictions | 60% | 79 | $0.507175 | -10.38% | 24.64% | $17 118 441 820 |  |
|
| 9 |  SOL |
Solana predictions | 59.2% | 84 | $50.46 | -9.61% | 21.41% | $17 028 947 492 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 58.4% | 87 | $0.084029 | -5.92% | 15.94% | $11 148 185 698 |  |
|
| 11 |  DOT |
Polkadot predictions | 65.2% | 78 | $9.56 | -9.71% | 24.98% | $9 442 068 849 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 63.6% | 82 | $29 050.66 | -2.98% | 8.69% | $8 132 816 754 |  |
|
| 13 |  AVAX |
Avalanche predictions | 61.2% | 82 | $28.87 | -14.48% | 10.65% | $7 769 271 253 |  |
|
| 14 |  TRX |
TRON predictions | 69.2% | 55 | $0.071382 | -0.71% | -2.34% | $6 964 115 705 |  |
|
| 15 |  DAI |
Dai predictions | 91.2% | 1 | $1.000090 | 0% | 0.05% | $6 501 036 897 |  |
