Based

Bitcoin

Reversal

Coin

<ul class="news-points"> 
 <li><strong>Historical data suggests October could bring a recovery for Bitcoin.</strong></li> 
 <li><strong>Bitcoin has closed October with significant gains eight times in the past decade.</strong></li> 
 <li><strong>However, some community members remain skeptical, noting the unpredictability of future outcomes.</strong></li> 
</ul> 
<p>Members of the Bitcoin community are arguing the new month could see Bitcoin investors recovering from the <a href="https://coinedition.com/crypto-market-loses-31b-in-24-hours-bitcoin-briefly-surges-and-dips/">losses of the past months</a> based on historical data. In a recent tweet, notable crypto influencer Crypto Tony reasoned that October has historically been a <a href="https://coinedition.com/bitcoin-btc-price-prediction/">bullish period for Bitcoin</a>.</p> 
<p>Tony shared a chart of Bitcoin’s performance over the past ten years to cement his conviction in the October bullish outlook. According to the chart, eight times since 2013, Bitcoin ended October with significant positive price gains.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">8/10 OUT OF 10 OCTOBERS HAVE BEEN BULLISH FOR THE MARKETS <br><br>We are still only 4 days in, plenty of time to see a nice bounce in the month and close green <a href="https://t.co/xM4EhD7Jrs" target="_blank" rel="nofollow">pic.twitter.com/xM4EhD7Jrs</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1709524010957254912?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 4, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>Moreover, Tony argued that while BTC’s price of $27,592 may not be that appealing, the market is only four days into the bullish month. “… plenty of time to see a ni…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/btc-bulls-hopeful-for-october-reversal-based-on-historical-correlation/">BTC Bulls Hopeful for October Reversal Based on Historical Correlation</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BTC Bulls Hopeful for October Reversal Based on Historical Correlation

Coin Edition

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