According to analysts, the cryptocurrency market may revive within this month.
According to the report prepared by analysts of the cryptocurrency exchange Bitfinex, the performance of the market last month, the course of October It may also affect
According to TradingView data, the market was at the beginning of last month. $1.02 billion At the end of the month, the total value of to $1.09 billion output. Bitfinex analysts predict the market’s September It is a “rare case” that it closed on a positive note. He points out that this is the case and emphasizes the importance of this.
Bitcoin, the market leader, has a habit of having a bad September. BTC price has decreased in 9 of the last 13 Septembers. If it was last month, the price is from the beginning to the end of the month. from $25,400 approximately for $28,000 rose.
According to the Bitfinex Alpha report, data in the futures markets will increase in the coming weeks. there may be an increase pointing out:
Throughout history, whenever September has been positive, a bullish October follows. Both the data in the futures market and the volatility (in the market) indicate that volatility will increase in long time periods and there will be an upward movement.
According to analysts, traces of this rising volatility are also seen in the options market. In the report, “When implied volatility exceeds historical volatility, it becomes clear that there may be potential fluctuations in Bitcoin price, and this is generally a signal that investors are anticipating more volatility in the near future.” The expression was used.