Bitcoin is set to see a significant uptick in October 2024, in line with historical expectations for the month, which investors call “October” due to the strong performance Bitcoin often exhibits during this period. Since the beginning of the month, Bitcoin’s price has risen by more than 1.7%, with analysts attributing this rise to historical and technical factors.
Analysts expect this positive momentum to continue during the last quarter of the year. Some technical forecasts suggest that Bitcoin could reach levels exceeding $100,000, with patterns such as the “cup and handle” and the inverse “head and shoulders” showing strong signs of further gains.
Overall, current analysis suggests that Bitcoin could see a significant jump by the end of the year, but as is always the case in the cryptocurrency market, there is still potential for short-term corrections.
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