Will it continue to rise in October?

From historical data, in the past 13 years, the ratio of rise to fall was 9:4, which means that the rise has an absolute advantage. In the previous three halving years, namely: 2012, 2016, and 2020, the ratio of rise to fall was also 2:1; in the past five years, it has achieved five consecutive rises.

Judging from historical data alone, October is also the golden harvest month for Bitcoin, and the internal and external environment in October this year may continue Bitcoin's continuous rise in October.

From the perspective of the overall economic and financial environment, the Federal Reserve suspended interest rate cuts in October, which is generally regarded as a "kingdom without stories", but undercurrents are surging. At the intersection of halving and interest rate cuts, the crypto market may show an overall upward trend.

Of course, another situation may also occur in October: before the bull market and interest rate cuts bring liquidity, there will be a last big drop to wash the market.

There is indeed a need for a correction in the short term, but I personally think that October will continue to rise overall, and a big drop correction is an opportunity to get on board.