What Should Investors Expect From Bitcoin (BTC) in October 2024?#Bitcoin(BTC) managed to break through the $$ 65.000 barrier, sparking a wave of optimism among investors. Some have begun to believe that the price could quickly rise and reach $$ 70.000, a value last seen about three months ago.

However, long-term holders (LTH) may pose some risk to future growth. If they decide to sell and take their profits, it could slow down the upward movement of the price.

What Will It Take for Bitcoin to Hit $$ 70.000?

Historically, Bitcoin has performed well in the fourth quarter, but the current rally depends on more factors than just investor sentiment. Matt Mena, a crypto research strategist at 21.co, explained in an interview with BeInCrypto that BTC’s rise towards $$ 70,000 would depend, among other things, on a potential interest rate cut by the Federal Reserve. According to Mena, lower interest rates would increase liquidity in the market, which has historically supported bitcoin’s growth as investors seek higher returns in riskier assets like cryptocurrencies. This liquidity usually leads to rising prices in riskier assets, including#BTC. #btc