The current state of the cryptocurrency market is mixed but largely optimistic. Bitcoin has been showing strength, hovering around $66,000 after a strong September rally. Analysts predict that Bitcoin may hit new highs later this month, potentially reaching as much as $86,267 by the end of October. Historically, the last quarter of the year tends to be bullish, especially when September ends on a high note ïżŒ ïżŒ.
Given this, if youâre considering taking a trade now, a long position might be more favorable for Bitcoin based on its current trajectory. However, be mindful that cryptocurrency markets are volatile, and itâs always crucial to monitor price action and broader market trends before making a decision.
