October was a historical month for Bitcoin to bounce back... A full-blown bull market is coming after the last drop

Cryptocurrency analysts are predicting a rebound in Bitcoin prices in October, Cointelegraph reported on the 10th (local time).
On the 9th, popular cryptocurrency analyst Magus said through X (formerly Twitter) that "Bitcoin only rose after the last drop.
"There is still a possibility that there will be a significant drop before the Bitcoin bull market comes," he said. The price of Bitcoin has been trending high and low for a long time since February 2024.
The stock is showing a sustained upward trend, but analysts' chart patterns suggest a correction to the trendline at $51,000 before the next upswing.
According to the Chicago Mercantile Exchange (CME) Bitcoin Gap analysis, the current BTC
Because the CME gap is between $54,000 (approximately 7.6 million) and $54,450 (approximately 7.7 million yen)
Other analysts also expect a drop in Bitcoin's current correction phase to end.
Titan of Crypto, a leading crypto analyst, told X on the 10th, "It seems like it's time for BTC to finish this adjustment phase. History doesn't always repeat itself, but it often follows a similar pattern.
"I'm going to show you the #BTC #Economy #EconomyDay," he wrote in a tweet on Tuesday. He claimed that Bitcoin's final bull market cycle could begin in October.
"This could be the month where Bitcoin finally starts its final cycle move," he said. Historically, October has been rated the second-best month for Bitcoin price movement.
According to Glass data, Bitcoin recorded an average return of 22.9% in October. The most successful month was November, with an average return of 46.81%.
"Previous halving cycles have also seen rallies begin in October and last for up to three months," Recto Capital told X on the 8th.