#BTC大盘回顾 October, is there really no chance?
Bitcoin has experienced four halving events so far, including one that happened this year.
The first one was in 2012. The return rate was +183.5%.
The second one was in 2016, with an annual return rate of +123.8%.
The third one was in 2020, with a return rate of 304.1% - about three times the return rate of +90.9% in 2019, which is impressive.
In 2023, the market returned +155.4%. If this trend is followed, returns above the +155.4% range must be achieved this year. Currently, Bitcoin is around 60788. From 44172 at the beginning of this year to date, it has only increased by 37.61%. Not optimistic.
Earlier this month, the market suffered a sharp drop due to the unexpected escalation of the power struggle between Israel and Iran. On the 1st, it fell from 63342 to a low of 60817. On the 2nd, the market also continued to fall, pulling down to another low of 60642. Buying pressure on the 3rd tried to push the price above the opening price on the 1st, but when the price hit 62816 on the 6th, the selling defeated this pressure.
Affected by huge selling pressure, it plummeted to a monthly low of 58900 yesterday. Today, it rebounded slightly and broke through yesterday's opening price.
Historically, October is when Bitcoin takes off. In October 23, the return rate was +28.5%. In the first twelve days of the month, the market fluctuated between 27995 and 26744. On October 13, 2023, strong buying pressure emerged, causing Bitcoin to explode from 26779 to 34482. In the last few days of the month, the market hovered in the high range of 34634 and 33909.
There is still some time left in October this year, and the surge is just a moment, cherish every pullback!
If you want to seize this round of bull market, it is definitely too late to learn and sell now. It is best to have someone to guide you to get started quickly.
I am Lao Li, welcome to communicate!
#ENIRO #SUI #WIF #6万保卫战