October could be a positive month for Bitcoin, popularly known as âUptoberâ for its historically bullish trends.
Over the past 11 years, 80% of Octobers have been positive for Bitcoin, sparking optimism among analysts.
Some predict that $BTC could reach between $70,000 and $76,000 in October, depending on how macroeconomic factors and institutional demand evolve.
However, other experts believe the real rally could begin in November, with estimates of a correction towards $50,000 before a more significant increase towards the end of the year(cryptonews) (investing).
Furthermore, the Bitcoin halving in 2024, along with the possible approval of an ETF in the US, is expected to increase institutional interest and support a broader bullish cycle (Forbes Argentina).
However, forecasts for October remain volatile and will depend on global conditions and market news.
September will probably close in the green so there is a chance that we will have the beginning of the bull run ahead of us, only time will tell! Take the risk after doing your own research, and tell me what you think will happen in the next few months...
