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 | 87.6% | 16 | $41 764.91 | 5.09% | 13.02% | $816 958 395 709 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 85.2% | 27 | $2 240.87 | 3.51% | 10.77% | $269 426 417 504 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000313 | 0.07% | -0.01% | $89 675 673 586 |  |
|
| 4 |  BNB |
Binance Coin predictions | 80.8% | 26 | $229.17 | 0.60% | 1.05% | $34 763 991 649 |  |
|
| 5 |  XRP |
XRP predictions | 84.4% | 30 | $0.619766 | -0.92% | 2.75% | $33 398 300 450 |  |
|
| 6 |  SOL |
Solana predictions | 64.8% | 67 | $60.67 | -4.53% | 10.73% | $25 742 190 451 |  |
|
| 7 |  USDC |
USD Coin predictions | 96% | 1 | $1.000035 | 0.07% | 0% | $24 494 870 773 |  |
|
| 8 |  ADA |
Cardano predictions | 84.4% | 28 | $0.403625 | 2.85% | 6.39% | $14 252 090 575 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 77.6% | 39 | $0.087436 | 3.51% | 10.95% | $12 424 241 380 |  |
|
| 10 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  WTRX |
Wrapped TRON predictions | 86% | 21 | $0.103747 | 0.72% | -0.49% | $9 183 042 426 |  |
|
| 12 |  TRX |
TRON predictions | 84.4% | 19 | $0.103194 | 0.17% | -1.13% | $9 134 153 771 |  |
|
| 13 |  LINK |
Chainlink predictions | 76.4% | 43 | $15.69 | -1.55% | 10.01% | $8 738 451 664 |  |
|
| 14 |  TON |
Toncoin predictions | 88% | 22 | $2.38 | -1.53% | -0.88% | $8 172 177 871 |  |
|
| 15 |  AVAX |
Avalanche predictions | 58.4% | 87 | $21.69 | -1.13% | 5.69% | $7 920 434 235 |  |
