bullish

Cryptocurrency

Bitcoin

Timothy Peterson, one of the well-known economists of the cryptocurrency world, shared his thoughts on Bitcoin's price movement in his statement.
In the cryptocurrency market, where October is generally known as a bullish month, the analyst stated that this rise has not historically started until October 19. However, he added that this October was the worst start for BTC in the last 10 years. He argued that this was due to this year's US elections.
Related News: <a href="https://en.bitcoinsistemi.com/whats-the-demand-for-bitcoin-after-irans-israeli-tensions-analysis-company-shares-what-they-expect/" target="_blank" rel="noopener noreferrer nofollow">What's the Demand for Bitcoin After Iran's Israeli Tensions? Analysis Company Shares What They Expect</a>
According to the analyst, although BTC has experienced an increase in October, it has historically always been under pressure in this month in election years.
In addition, he argued that Bitcoin spot ETFs have somewhat delayed the growth of wallets with more than zero balances on the Bitcoin network, but added that this situation is starting to recover. According to Peterson, an all-time high in this metric could come before the BTC price breaks a record. According to the analyst, this record could be broken within 90 days.
At the time of writing, the BTC price is at $60,700 and has increased by 0.21% in the last 24 hours.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/why-bitcoin-isnt-rising-despite-entering-october-the-so-called-bullish-month-analyst-reveals-date-to-expect/" rel="noopener noreferrer nofollow">Why Bitcoin Isn’t Rising Despite Entering October, the So-Called Bullish Month? Analyst Reveals “Date to Expect”</a>

Why Bitcoin Isn’t Rising Despite Entering October, the So-Called Bullish Month? Analyst Reveals “Date to Expect”

Bitcoin Sistemi EN

Other articles published on Oct 4, 2024

Bitcoin (BTC) Reclaims $61K, Aptos (APT) Soars 10% Daily (Market Watch)

Chainalysis CEO Michael Gronager Resigns After 10 Years With Company

Polymarket Considering Token Launch Amidst New $50M Fundraising Talks: Report

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Crypto startup accuses SEC of ‘massive regulatory land grab’

SEC Yet to Reveal Why It's Appealing Ripple Case

Join our free newsletter for daily crypto updates!