Bitcoin is showing positive signs in October 2024, recently reaching $67,028, reflecting a 2.07% increase. Historically, October tends to be a favorable month for Bitcoin, with an average return of 22.9%, setting the stage for further potential gains. Analysts predict a final correction might occur before the next bullish move, with some speculating a dip to the $54,000-$51,000 range. This would likely be a healthy correction, paving the way for higher growth later in the yearâ
Simultaneously, BNB, Binance's native token, has seen a rise, gaining 2.17% in Binanceâs holdings, indicating confidence in its utility and future growth. Ethereum and USDT, on the other hand, have seen slight declines as traders rebalance portfoliosâ
Considering the market trends, traders should watch for potential pullbacks as buying opportunities, especially if Bitcoin nears key support levels.