Bitcoin (BTC) Price Predictions: Will September's Historical Downside Continue or Will October's Bullish Trend Prevail?
- WBOYOriginal
- 2024-09-08 21:21:14420browse
Rekt Capital, a well-known crypto analyst, analyzed past trends, current market conditions, and the upcoming October, a typically bullish month.
Bitcoin price analysis shows consolidation around $55,000 with key resistance at $57,000.
If BTC breaks this resistance, it could lead to a stronger upward move.
However, if BTC retests the three-year resistance level near $46,000, a 19% pullback could occur.
Despite the bearish September trend, October is typically bullish for Bitcoin, with an average return of over 20%.
In 2020, a halving year like 2024, Bitcoin surged 27% in October, offering hope for a potential rally.
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