👉👉Bitcoin (BTC) continues to trend positively: Experts comment 👈👈

QCP Capital analysts said they believe Bitcoin (BTC) will continue to rise in October if it stays above $ 60,000.

“US stock indices are recovering; While the S&P 500 is reaching new highs, similar price movements have not been observed in cryptocurrencies. However, as Bitcoin remains above $ 60,000, we are hopeful for an October rally,” they said.

Early Friday, the Dow Jones Industrial Average rose 0.5% and the S&P 500 rose 0.3%. Bitcoin’s price rose 2% to above $ 62,000, pushing the global cryptocurrency market value to $ 2.27 trillion, reflecting a 1% increase in the last 24 hours. Coinbase analysts David Duong and David Han noted in a separate report that despite Bitcoin’s stagnant price action this week, market sentiment has remained relatively unchanged. According to Coinglass data, Bitcoin’s open interest-weighted perpetual futures funding rate currently stands at 0.0049%. This suggests that long positions are still paying off short positions and that there is an upward trend in the market.

In addition, the upcoming US presidential elections could have a positive impact on cryptocurrencies. The upward trend in BTC is expected to increase, especially if Donald Trump is re-elected. Therefore, crypto analysts have an optimistic view. With the easing of geopolitical tensions, Bitcoin is also likely to reach its peak.

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