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 | 64.8% | 78 | $22 855.29 | -3.86% | -0.53% | $440 592 629 611 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 63.2% | 83 | $1 571.05 | -4.53% | -3.62% | $192 254 948 671 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000106 | 0% | -0.01% | $67 818 518 303 |  |
|
| 4 |  BNB |
Binance Coin predictions | 69.2% | 62 | $307.09 | -3.92% | 0.39% | $48 489 817 539 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000146 | 0.02% | 0.02% | $42 719 163 166 |  |
|
| 6 |  XRP |
XRP predictions | 66% | 65 | $0.392404 | -6.64% | -7.29% | $19 935 533 079 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000168 | 0% | 0.01% | $15 734 836 580 |  |
|
| 8 |  ADA |
Cardano predictions | 64% | 72 | $0.371921 | -6.16% | -1.30% | $12 866 103 968 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.089441 | -1.18% | 0.71% | $11 866 270 466 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 67.2% | 74 | $1.092517 | -6.94% | 9.99% | $9 542 387 704 |  |
|
| 12 |  SOL |
Solana predictions | 56.4% | 94 | $23.92 | -8.74% | -1.24% | $8 889 597 245 |  |
|
| 13 |  DOT |
Polkadot predictions | 58.8% | 81 | $6.21 | -6.54% | -5.75% | $7 150 468 683 |  |
|
| 14 |  LTC |
Litecoin predictions | 69.6% | 55 | $93.29 | -1.81% | 3.12% | $6 732 701 641 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 64.4% | 80 | $0.000012 | -4.57% | -3.85% | $6 339 026 139 |  |
