With Bitcoin historically seeing bullish activity in October, some have argued that a real Bitcoin rally will be replicated starting in mid-October.
Cointelegraph cited multiple analysts as saying that the “uptrend” in October was “a sign of a bull market.”
"The historical rally has been repeated since mid-October," said Tehran, an investment advisor and crypto asset analyst at KEI Island Alternative Advisors.
Immothy Peterson said through X (formerly Twitter) that "Bitcoin's 'Uptober' has historically occurred after October 19th," and that "we must be patient."
Oliver Velez, a Bitcoin investor and author of Bitcoin-related books, also said, "Bitcoin's 'Uptober' in October came in the second half, not the first half," and "In early October,
"Bitcoin's initial weakness is a temporary adjustment before it can rise further," he said.
2024/10/04 17:49 KST
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