Crypto analyst foresees a sustained bull run for Bitcoin.
October is one of Bitcoin’s historical bullish months.
The crypto market can do well even during a recession.
Crypto analyst and host of the Crypto Capital Venture podcast, predicts a significant Bitcoin bull run is on the horizon. Citing Bitcoin’s recent price action and historical patterns, the analyst highlighted the cryptocurrency’s tendency to surge in the fourth quarter of its halving year.
Read also: Bitcoin Halving’s Delayed Impact: Bull Run in Q4?
October is historically a bullish month for Bitcoin, with positive returns in nine of the past eleven years, according to Coinglass data. The analyst also noted that every month of the fourth quarter in the last two Bitcoin halving years saw positive returns for the cryptocurrency.
Rate Cuts and Market Momentum
Turning to macroeconomic factors, the analyst pointed out the historical impact of rate cuts on financial assets. The S&P 500 has posted positive returns 12 months after the initial rate cut 86% of the time. With the Federal Reserve planning a rate cut later this month, a sustained rally across both financial and digital asset mar…
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