Bitcoin is currently trading at $62,000. The Federal Reserve recently announced a 50 basis point rate cut, which had a positive impact on the cryptocurrency market. Following the announcement, the prices of important assets, except gold, stabilized.

Likewise, as Bitcoin reaches the $62,000 mark, investors are now looking forward to when it will peak or enter a bull cycle again.

The BTC cycle starts 170 days after the halving and peaks 310 days later. In 2020, I made over 150x on $MATIC and $SOL by following this pattern. Today, I am buying other altcoins with 100x potential”

Well-known analyst OxNobler shared a new hypothesis on X: Bitcoin’s peak season is coming.

According to the expert, the next bull run will unexpectedly begin in October 2024. The analyst then shared how the Bitcoin peak pattern shows that BTC usually gains positive momentum 170 days after a Bitcoin event.

In simple terms, OxNobler shared how BTC will usher in its cycle after 170 days. The coin will peak 310 days after the event, which means October could be a bullish month for BTC. With BTC topping the charts, the altcoin market could also surge, bringing good returns to many investors.

“The next bull run will start in October 2024.

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Coin price prediction for mid-October

According to leading crypto analytics platform CoinCodex, Bitcoin could surge to $84,000 by Oct. 19, gaining 36% in the process.

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“According to our current Bitcoin price prediction, Bitcoin price is expected to rise by 36.66% to $84,956 by October 19, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear & Greed Index shows 49 (Neutral). In the past 30 days, Bitcoin has seen an upward trend in 15/30 (50%) trading days, with a price volatility of 4.24%. According to the Bitcoin prediction, now is a good time to buy Bitcoin.”

The coin is currently showing bullish sentiment, with buy signals urging investors to explore BTC in a safe manner.