Will the Halloween Prophecy Make Bitcoin Rise Again?

Since its $69,000 ATH in November 2021, it has experienced sharp declines and caused many investors to suffer losses. Bitcoin (BTC) Halloween, which will be celebrated on October 31st, is approaching.

Part of the crypto industry BTC He believes it has an effect on him.

According to those who believe bitcoinperforms better from the end of October, which coincides with Halloween, to the end of May.

Looking at the performance of Bitcoin in previous years after Halloween, Halloween, which is celebrated in many countries, brought a rise for BTC.

It is wondered whether Halloween, which has brought an increase for Bitcoin in the last three years, will bring an increase for the fourth time in 2022.

In this context, the CoinMarketCap community is trying to predict what the price of BTC will be on Halloween.

28,488 contributors offering ideas for BTC price prediction, Halloween 2022 BTC It pointed to the $21,248 level for price prediction.

While the price estimate of $21,248 is up from the current price of BTC, it remains 65.17% below BTC’s price of $61,300 last year.

Because BTC was at $ 61,300 on Halloween last year, on October 31, 2021.

When comparing 2021 to Halloween 2020, BTC saw a 344% increase in 2021 compared to its price of $13,794 in 2020.

Although this superstition, which is also described as the “Halloween indicator”, is expected to bring a price increase for Bitcoin after October 31, the rest of the 4th quarter of 2022 and early next year, we will be watching whether this increase occurs.

Because although the BTC price experienced a short-term rise after Halloween 2021, it could not maintain this rise in 2022 and experienced sharp decreases in 2022 on the contrary to the rise on an annual basis.