WHY BITCOIN PRICE RISES IN OCTOBER: ANALYZING SEASONAL TRENDS ⁉️

Cryptocurrencies, #Altcoin and especially #bitcoin , have always been the subject of increased interest after long summer vacations.

For many years, there has been an interesting phenomenon: the price of $BTC often starts to rise actively in October. Let's consider a few reasons why this might be the case.

🔸Psychological factor: Many traders and investors have their seasonal preferences. Autumn is associated with the beginning of a new financial year for many companies and funds. This can create a psychological stimulus for investment and the search for new opportunities. Cryptocurrencies, including Bitcoin, can become the focus of interest during this period.

P.S. OTHERWISE, WE CAN CALL THIS A "SEASONAL TREND"

🔹Macroeconomic events: Global events, such as changes in the economy, financial crises, or decisions by central banks, can affect interest in alternative assets. Bitcoin, as a digital store of value, is often viewed as a «risk-free portfolio» during such times.

🔸Technological aspects: October can also be a period when major crypto startups announce significant updates or partnerships. These events can attract investors' attention and create a buzz around #cryptocurrency .

SO, WHAT DO WE SEE? 🤔 Correction at $28,600, and then, a breakout at $32,800 📉

$ETH $XRP #BTC