đš Is "Uptober" Set to Ignite a Bitcoin Bull Run? Key Factors to Watch! đš
October, historically a strong month for Bitcoin and the crypto market, has sparked excitement as the trend of "Uptober" spreads across the community. Over the past 10 years, Bitcoin has posted an impressive average gain of 20.4% in October, fueling hopes for a major rally. Could this be the start of a parabolic bull run?
â ïž Key Factors to Watch:
Rate Cuts & Elections: With potential interest rate cuts by the Federal Reserve in November and December, bullish sentiment is building. Plus, the upcoming U.S. elections could play a pivotal role, with many believing a Trump win could boost the crypto market.
Token Unlocks: Beware! Major token unlocks worth $3.46 billion are scheduled for October, which could add short-term bearish pressure to certain tokens.Geopolitical Tensions: War tension in the Middle East could disrupt the expected rally, as investors may tread cautiously amid global uncertainty.
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