Will BTC rise in October?

I think it will and there is a high probability that it will rise sharply!

1. Seasonal factors:

According to the statistics of BTC monthly return rate from 2013 to 2023 (see the figure below), BTC rose in October in 9 out of 11 years, and 8 of them rose sharply; the other 2 years fell; seasonal factors will give traders a strong trend hint, driving the rise of BTC in October.

2. FTX compensation fund return:

FTX plans to distribute more than 16 billion US dollars to its creditors. According to the progress, the distribution will start in mid-October; after receiving the stablecoins for compensation, the creditors will most likely reinvest in cryptocurrencies.

3. Incremental funds from the global interest rate cut wave:

After the Federal Reserve cut interest rates for the first time on September 18, China started a trillion-dollar flood this week; the central banks of the European Union, the United Kingdom, Canada, Australia, South Korea, India and other countries will also follow up to accelerate interest rate cuts in the fourth quarter. Under the flood, scarce assets such as "water buffalo" BTC will appreciate rapidly.

4. The main uptrend starts in the sixth month after the halving:

Referring to the previous rounds of bull markets, BTC will start the main uptrend 5-6 months after the BTC halving day every four years.

5. The shock wash is sufficient and the accumulation of funds is completed:

From March to September this year, BTC has been inhumanely washed in the 50,000-70,000 range for 6 months, and the car is already very light; according to the on-chain data analyzed by my fund, the whales are close to completing the accumulation of funds and are ready to go.

In summary, BTC is likely to rise sharply in October this year! There may be some delays in early October, but the performance will be outstanding in the second half of the month.

The average increase in October in the past 11 years was 22%. At the end of October this year, BTC's target is 80,000! Hold the handrail tightly and get ready to take off! #美联储宣布降息50个基点 #加密市场反弹 #币安上线CATI