October, which managed to bring an increase for Bitcoin (BTC) in 8 of the last 10 years, again hosted a positive start for the cryptocurrency market.
The cryptocurrency market, especially Bitcoin, started October with an increase. According to data from CoinGlass, the cryptocurrency market from 2013 since October only twice negative monthly returns He witnessed a remarkable performance.
According to data, the cryptocurrency market is only 2014 And 2018 respectively in October of -12.95% And -3.83% loss kept alive. October of the remaining 8 years 60%Significant increases were observed, reaching up to . Based on the data in question, market analysts expect a bullish scenario in October.
Among other reasons for analysts’ upward expectations for October is the US government’s that it will not close for another 45 days clarification and maturity Bitcoin and Ethereum exchange traded fund (ETF) increased application approvals positive signals were included.
About the issue on social media in the statement Famous Youtuber and cryptocurrency analyst Michael van de Poppe, Michael van de PoppeWhile talking about October being a good month, $40K price target gave:
Welcome to Uptober. Welcome to a great Q4, potentially fueled by ETF approvals and the pre-halving rally. $40 thousand would be a reasonable price for Bitcoin.
According to CoinGecko data, Bitcoin October 2 in the early hours of the day, shortly 4% rising around to $28,150 reached. Bitcoin while writing from $28,071 finds buyers. With the increases, a position worth 112 million dollars was liquidated.
