With the beginning of October, the cryptocurrency market enters a period that is historically associated with a solid increase in the price of Bitcoin, writes Crypto Briefing

#біткоїн over the past nine years

rose eight times in October by an average of 22.9%, which could push the leading cryptocurrency above $78,000 and new all-time highs if the trend continues, according to the latest report from analyst firm QCP Capital.

Bitcoin has been consolidating between $60,000 and $70,000 for eight months, fueling speculation of a possible breakout. The market is considering this possibility, especially with the upcoming US election. Spot inflows #ETF remain solidly positive, while interest rates are nearing levels reminiscent of the Q1 bull run.

The general mood in the cryptocurrency market remains bullish, which is supported by positive on-chain data and a favorable macroeconomic situation.