bullish

Bitcoin

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/qcp-capital-advises-investors-to-focus-on-october-for-gains-2/" data-wpel-link="internal">QCP Capital Advises Investors to Focus on October for Gains</a><br></p>
<p style="text-align: justify">QCP Capital, noting that September has historically been a bearish month in the <a href="https://en.coin-turk.com/bitcoin-surpasses-43000-amidst-optimistic-developments/" data-wpel-link="internal">cryptocurrency market</a>, made a strategic recommendation to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. According to QCP Capital’s market analysis dated September 3, September is a challenging month not only for the cryptocurrency market but for all asset classes. In the last 10 years, bond prices have fallen eight times in September, and since 2017, gold prices have also dropped in this month.</p> 
<h2 style="text-align: justify" id="strong-investors-should-focus-on-october-instead-of-september-for-gains-strong"><strong>Investors Should Focus on October Instead of September for Gains</strong></h2> 
<p style="text-align: justify">QCP Capital highlighted that October generally has the strongest bullish season and advised investors to prepare for the bullish month right after the bearish month, noting that Bitcoin (BTC) has provided positive returns in October in eight of the last nine years.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-385216" src="https://coin-turk.com/wp-content/uploads/2024/09/QCP-Capital-BTC.png" alt="" width="705" height="459"></p> 
<p style="text-align: justify">With an average return of 22.9%, October offers significant opportunities for cryptocurrency investors. The historical seasonal trend explains the continuous option purchases made with the expectation of a rise in the cryptocurrency market.</p> 
<p style="text-align: justify">QCP Capital analysts noted earlier today that investors in the options markets bought 150 December call options at $8,000, highlighting <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data flow</a> that supports the expectation that October will be a bullish month.</p> 
<h2 style="text-align: justify" id="strong-pullbacks-within-the-month-should-be-used-for-accumulation-strong"><strong>Pullbacks Within the Month Should Be Used for Accumulation</strong></h2> 
<p style="text-align: justify">QCP Capital stated that if this seasonal trend continues this year, adopting an accumulation strategy during the pullbacks in September and taking profits in October or at the end of the year could be a strategic choice for investors. Such an approach supports the bullish-focused positions observed in the options markets.</p> 
<p style="text-align: justify">According to the data from the cryptocurrency data and price platform CoinMarketCap, BTC was trading at $58,918, down 0.29% in the last 24 hours at the time of writing.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/qcp-capital-advises-investors-to-focus-on-october-for-gains-2/" data-wpel-link="internal">QCP Capital Advises Investors to Focus on October for Gains</a></h5>
<p>The post <a href="https://en.coin-turk.com/qcp-capital-advises-investors-to-focus-on-october-for-gains-2/" data-wpel-link="internal">QCP Capital Advises Investors to Focus on October for Gains</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

QCP Capital Advises Investors to Focus on October for Gains

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