Another UPtober is coming for #btc ????
The price of bitcoin (BTC) is projected to close September with a positive balance and pave the way for a period of favorable returns. The quotation surpassed USD 87,000 on September 21, its highest level since January, before pulling back toward USD 84,500.
From the lowest point of USD 57,700 to the current level of USD 84,500, the digital currency has recorded a 46.7% increase.
Against this backdrop, market analyst Ali Martinez said: “Uptober is almost here.” The term refers to the English combination of the words “October” and “up” (upward), used to define a period marked by frequent increases. “If the seasonal pattern holds, BTC could be gearing up for another strong month,” Martinez added.
The price of bitcoin (BTC) is projected to close September with a positive balance and pave the way for a period of favorable returns. The quotation surpassed USD 87,000 on September 21, its highest level since January, before pulling back toward USD 84,500.
From the lowest point of USD 57,700 to the current level of USD 84,500, the digital currency has recorded a 46.7% increase.
Against this backdrop, market analyst Ali Martinez said: “Uptober is almost here.” The term refers to the English combination of the words “October” and “up” (upward), used to define a period marked by frequent increases. “If the seasonal pattern holds, BTC could be gearing up for another strong month,” Martinez added.
