Bitcoin (BTC) is preparing for a strong start to the last quarter of the year. According to the latest report from Matrixport, historically, the market has usually seen an upward trend between October and December, and this year may be no exception. After a long period of consolidation, the price of Bitcoin is expected to rise sharply. The positive predictions made at the end of September 2023 have proven accurate, leading to the expected rebound at the end of the year. In this year, many people also expected Bitcoin to surge at the end of the year, which may surprise many traders.

Historical performance of Bitcoin prices:
Bitcoin entered a consolidation phase after hitting new highs in March 2024. However, since the beginning of the year, Bitcoin has returned 49%, which is very close to the historical forecast of 47% return. Observations show that the price of Bitcoin may increase significantly starting in October, with an average increase of 40% from October to March and an average increase of 27% from April to September. October is the month with the biggest gains, averaging 20% ​​in eight of the past ten years.

The impact of the Fed's rate cut on the market:
Recently, the Federal Reserve cut interest rates by 50 basis points, triggering sharp market fluctuations. Fed Chairman Powell said the rate cut showed that the market was confident that inflation would return to the 2% target. In addition, the move was also seen as a precautionary measure against possible weakness in the labor market. Powell emphasized the strength of the US economy and made dovish remarks, easing investors' concerns and maintaining market momentum ahead of the upcoming US presidential election. Currently, 2025 is considered a critical period for Bitcoin and other cryptocurrencies, and digital currencies are expected to approach a mass adoption threshold similar to past technologies. Matrixport said it plans to explore this topic in depth in the coming weeks, and a slight recovery in Ethereum (ETH) gas fees suggests that the cryptocurrency market may break out of its summer stagnation in October.

The article is for reference only and does not constitute investment advice.