Bitcoin’s (BTC) monthly price chart is less than 48 hours away from completing a bullish engulfing pattern for the first time in more than 18 months. The last time this happened was in January 2023, marking the bearish bottom from 2022. While Bitcoin’s long-term trend for Q4 and early 2025 looks positive, recent signs indicate there might be downside volatility in the short term. Bitcoin OI retests $35B as funding rate stays flatAfter a local bottom at $52,150 on Sept. 6, BTC has been on a parabolic rise, breaking past the previous lower-high pattern to facilitate a higher-high trend. In the m…