Cryptocurrency The presenter and strategist of one of the closely followed YouTube channels of the world shared his latest outlook and forecasts for the last quarter of the year. bitcoin presented a rather optimistic outlook.
Koinfinans.com As we have reported, the host of the InvestAnswers channel shared his forecasts, underlining that October is historically likely to record a rise for Bitcoin.
InvestAnswers According to the server, Bitcoin could rally as high as $26,000 in the next four weeks, depending on the average yield for October. Bitcoin last recorded a price above $26,000 in June, while it last broke above $25,000 in August.
“If Bitcoin can stay at its level, it will perform better than before. So I’m looking forward to October, the average revenue for October is 28.42%, suggesting that the price could rise to between $25,000-26,000. Time will tell if that will happen.”
With other months, it can be seen in the table above that October typically offers the third highest average monthly return.
“Let’s see how October has performed compared to other months in Bitcoin history… Here you can see that September is red. August is kind of like a breakeven. But October is historically the third best month. That’s why so many people call it Uptober.”
At the time of writing, Bitcoin was trading at $19,411, displaying a relatively stable price movement.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.