Bitcoin rose against the trend in September, with the potential to hit $70,000 in October
Bitcoin rose against the trend in September, with an expected increase of at least 9%, breaking the negative return trend since 2013 and laying the foundation for further growth in October. Historical data shows that the rise in September usually heralds growth in October, November, and December. Market analysts predict that the price of Bitcoin is expected to rise from around $64,000 to $70,000, starting a bull market cycle, with investor confidence expected to strengthen
According to CoinDesk, Bitcoin is expected to achieve a gain of at least 9% in September, breaking the negative trend in this month since 2013, laying a strong foundation for the upcoming October. Historical data shows that the rise in September often indicates further growth in October, November, and December. In contrast, since 2013, October has ended in losses only twice, with an average increase of 22%. Against the backdrop of current global monetary policy and U.S. political support, market analysts predict that the price of Bitcoin has the potential to rise from around $64,000 to $70,000, initiating a bull market cycle. Seasonal factors also indicate that with increasing demand, investors' confidence in Bitcoin is expected to continue to strengthen