Based

Bitcoin

Strong

<img src="https://cdn.thebittimes.com/images/2023/10/02/1696210321.webp" alt="" width="800" height="534"> 
A growing premise is that Bitcoin could surge to $37K in October. Historically, Q4 has fared a strong quarter for crypto, and a recent Matrixport has highlighted this, stating the world’s largest cryptocurrency has averaged 35% growth in Q4 across the past nine years. 
Meanwhile, a new Bitcoin mining solution on Ethereum, Bitcoin Minetrix, has amassed over $200K in the opening days of its presale. Matrixport found that investing in mining operations may prove more profitable than buying Bitcoin at its current price. 
<h2 id="strong-matrixport-hints-strong-year-end-for-btc-based-on-fundamental-and-technical-analysis-strong">Matrixport Hints Strong Year-End For BTC Based on Fundamental and Technical Analysis</h2> 
According to a recent Matrixport report, Bitcoin displays numerous factors indicating a strong October, and momentum could continue through the remainder of 2023. 
The report notes that Bitcoin’s performance in October has averaged 20% growth over the last nine years, with positive returns in seven of the previous nine years. 
In its technical analysis, Matrixport highlights a recent breakout signal, which, combined with the historical performance of the asset in October, could spell upside potential. 
According to the Head of Research, Markus Thielen, Bitcoin could reach $37K by the end of October “If history is a guide.” 
<img src="https://cdn.thebittimes.com/images/2023/10/02/1696210355.webp" alt="" width="800" height="477"> 
Another catalyst that could push Bitcoin to $37K is the ongoing Bitcoin spot ETF applications filed by financial institutions like Blackrock, Fidelity, and VanEck. The SEC delayed its approval decisions to October, which, if approved, will generate massive buy pressure for Bitcoin. 
Still, the SEC’s decision to delay the verdict in August may indicate another delay in October, opening the door to the verdict being announced in January. If this occurs, Bitcoin’s volatility may dwindle, as seen following the recent interest rate pause by the Federal Reserve. 
While this may equate to less short-term growth potential for Bitcoin, it spells more significant opportunities for Bitcoin mining operations, according to Matrixport. 
A Matrixport report outlined on Thursday, 28 September, highlighted that investors may be better poised to buy Bitcoin mining stocks than Bitcoin itself.&nbsp; 
In a recent statement, Head of Research Markus Thielen stated, “For the sake of diversification, opting to invest in a selection of discounted Bitcoin mining stocks or tokens with substantial growth potential could possibly represent the ultimate bet for 2024.” 
One of the most innovative Bitcoin mining solutions displaying strong potential is Bitcoin Minetrix, having raised over $250K after launching its presale a few days ago. 
<h2 id="strong-bitcoin-minetrix-raises-250k-in-under-a-week-of-presale-for-new-stake-to-mine-platform-strong">Bitcoin Minetrix Raises $250K in Under a Week of Presale for New Stake-to-Mine Platform</h2> 
<a href="https://shrt.care/f24415e8?referrer=bitcoin-price-may-boom-in-october-could-hit-$37k-by-year-end:-matrixport" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> (BTCMTX) is a new Ethereum-based cryptocurrency enabling users to stake tokens in return for Bitcoin mining power. This novel concept has grabbed investors' attention, raising $250K in just a few days of presale. 
The current price is $0.011, but potential presale buyers must hurry because it is set to increase by 10% when the total raise hits $3 million. It will then incrementally increase by 10% at each price target. 
<img src="https://cdn.thebittimes.com/images/2023/10/02/1696210386.webp" alt="" width="800" height="366"> 
Bitcoin Minetrix boasts many more advantages than just the convenience of mining on Ethereum. For instance, its Stake-to-Mine mechanism means users do not have to pay an upfront cost for mining equipment, there is no hardware maintenance, and it requires no technical know-how - making it ideal for beginners and those with busy schedules. 
Furthermore, its decentralized token removes the risk of third-party cloud mining scams, which have become all too prevalent in the industry.&nbsp; 
The token also presents significant upside potential. This is because users require it for staking, providing a sustainable and predictable demand stream. Meanwhile, the mechanism will not result in additional sell pressure since staking rewards are paid as Bitcoin mining credits rather than $BTCMTX. 
Considering these factors, it is no surprise that the Bitcoin Minetrix presale is off to an explosive start. With the price set to increase soon, investors looking to maximize their potential gains should act fast. 
Visit the Bitcoin Minetrix website and connect your wallet to buy the $BTCMTX token. The presale accepts payments in ETH, USDT, BNB, and Card. 
<a href="https://shrt.care/f24415e8?referrer=bitcoin-price-may-boom-in-october-could-hit-$37k-by-year-end:-matrixport" target="_blank" rel="noopener noreferrer nofollow">Visit Bitcoin Minetrix Presale</a> 
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-may-boom-in-october-could-hit-37k-by-year-end-matrixport-tbt64771.html">https://thebittimes.com/bitcoin-price-may-boom-in-october-could-hit-37k-by-year-end-matrixport-tbt64771.html</a>

Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport

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