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<ul class="wp-block-list news-points">
 <li>Bitcoin might rise in October since the month has been bullish historically.</li>
 <li>The Fed’s rate cuts might also benefit the Bitcoin price trajectory.</li>
 <li>Microstrategy and Metaplanet purchasing BTC are also bullish for Bitcoin.</li>
</ul>
Bitcoin (BTC), the largest cryptocurrency by market cap, may rally in October despite a bearish start to the month. Three signs point to a potential upswing. As of this writing, BTC is trading at $62,311.60, down 0.6% in the past 24 hours but up 1% over the last seven days.
October has historically been a bullish month for Bitcoin. According to Coinglass <a href="https://www.coinglass.com/today" target="_blank" rel="noopener noreferrer nofollow">data</a>, Bitcoin gained 28.52% in October 2021 and 39.93% in October 2022. So far in October 2024, the cryptocurrency has declined 1.65%, but it has surged 123% in the past year, according to Coingecko <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">data</a>.
<a href="https://coinedition.com/microstrategys-bitcoin-strategy-drives-1218-stock-surge-to-all-time-high/" rel="noopener noreferrer nofollow">Read also: MicroStrategy’s Bitcoin Strategy Drives 1,218% Stock Surge to All-Time High</a>
If Bitcoin follows this general “Uptober” trend, there is a strong possibility of a bullish turn and a push towards the $69,000 resistance level. However, this is not a guarantee, as BTC fell 3.83% and 12.95% in October 2018 and 2014, respectively.
Another reason for a possible surge could be the…
The post <a href="https://coinedition.com/3-signs-bitcoin-btc-could-rally-in-october-despite-bearish-start/" rel="noopener noreferrer nofollow">3 Signs Bitcoin (BTC) Could Rally in October Despite Bearish Start</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

3 Signs Bitcoin (BTC) Could Rally in October Despite Bearish Start

Coin Edition

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