Lekker Capital’s chief investment officer, Quinn Thompson, believes the recent Bitcoin price drop is a prime buying opportunity. In a post on Oct. 3, Thompson explained that Bitcoin’s 6% dip since Sept. 30, bringing it to the $61,000 range, should be seen as a "no-brainer" for investors to stack more BTC. He emphasized that the macro backdrop surrounding Bitcoin has shifted significantly compared to previous price corrections.
Thompson shared a chart of Bitcoin’s price action, noting that BTC has bounced sharply off its 200-day moving average—a key technical indicator used by traders to assess the mid-term strength of assets. This, he argues, is a "clear invalidation" of previous bearish setups and suggests an upward swing in the near future.
“I don’t usually give short-term views, but it seems like a no-brainer to be bidding in this area,” said Thompson. Escalating geopolitical tensions in the Middle East, including military action between Iran and Israel, and growing concerns over the U.S. economy, have spooked markets, leading to a sharp sell-off of risk assets like Bitcoin. Yet, Thompson sees this as a potential bounce-back opportunity.
Meanwhile, mentions of "Uptober"—a nickname for October due to its historically bullish crypto price action—have declined on social media as market sentiment has pulled back. Despite this, October and November have traditionally been the best months for Bitcoin’s performance, and many analysts believe a sharp move upwards could still be on the horizon.
Santiment founder Maksim Balashevich agrees that the dip opens the door for a rebound, though the long-term trend remains uncertain. Historically, October has delivered strong returns for Bitcoin, with an average gain of over 20% in the last 11 years. This trend suggests that a surge may occur later this month.
💎 Why MoonPrime Games' $LUNAR Could Be the Next Big Opportunity
While Bitcoin presents a compelling short-term buying opportunity, investors looking for significant upside potential may want to consider the growing Web3 gaming sector—specifically MoonPrime Games ($LUNAR).
As Bitcoin's momentum builds, $LUNAR offers an exciting opportunity in the play-to-earn gaming space. With a market cap of just $500k and a price of $0.000509, MoonPrime Games is pushing the boundaries of Web3 gaming by integrating NFTs and AI-driven virtual economies. Players can engage in real-time trading, socializing, and profit-making as NPCs adapt and interact dynamically within the game.
Why $LUNAR?
While Bitcoin focuses on sound money, $LUNAR is pioneering immersive gaming experiences where players can control and profit from virtual economies. As adoption grows, experts predict that $LUNAR could exceed $1,000 by 2025, making it a promising addition to any future-focused portfolio.
🌐 Website: moonprime.games
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