“From 2013–2025, BTC closed October in the green 10 times out of 13 — about 77%.”
Let’s look at the charts and say what could support growth in October in the plus, and here are a few reasons:
We are currently in a local uptrend, and it will continue its ascent first to 90K, then to 100K
We can test the level up to 75k and sweep liquidity before moving higher toward the targets described above.
October opens the fourth quarter, and market participants are looking to it for a strong move in BTC. However, seasonality alone does not confirm a rise: what matters more to me is whether the price maintains its uptrend structure and can establish itself above the nearest resistance.
Demand returns through ETFs. Reuters reported on October 1 that inflows into cryptocurrency ETFs had resumed. If inflows continue, this could support BTC buying.
Expectations of further rate hikes are easing. BTC’s rise on October 2 coincided with these expectations weakening. If rate pressure continues to ease, conditions could become more favorable for risk assets.
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BTCUSDTPerp85,540.8-0.38%
