Historically, October is a bullish month for bitcoin. As the US elections approach, volatility may increase. The price of bitcoin (BTC) began the second week of October today by rising to around $64,000 (USD), which shows greater strength in the market. Bitcoin exhibits an appreciation of 8% since the fall to USD 59,000 that it … Read more
Gold is approaching all-time highs, while bitcoin struggles not to collapse. War conflicts increase the state of global tension. This week has been marked by the escalation of the war conflict in the Middle East. The territories of Israel, Lebanon, Iran and other nations in the region were the scene of military ground and air … Read more
Is a great financial crisis coming or years of economic prosperity? There are conflicting signals. Within this chaos, bitcoin is presented with a unique opportunity. The world economy gives ambiguous signals. At the same time that the S&P500 index is approaching all-time highs, gold is rising in price as if recession were inevitable. Simultaneously, Chinese … Read more
Bitcoin’s downward reaction to the war does not disarm its bullish thesis. Bitcoin has the ability to act as a safe haven asset, the analyst highlights. Financial markets have retreated this week as a result of the war in the Middle East involving Israel, Iran, Lebanon, Hezbollah and other armed organizations. In this way, they … Read more
This is the largest rate cut since the COVID-19 pandemic. In such a scenario, bitcoin can stand out as an investment and store of value asset. Globally, there is a trend of cuts in interest rates, which represents an injection of liquidity to the economy and also to the financial markets. According to the count … Read more
Bitcoin could hit a long-term low after October ends. The pullback to 60,000 is not a surprise, for Ng. Beyond the bullish expectations that abound about bitcoin (BTC) for October, there are factors that still show headwinds. “Investor eyes are eagerly set on October or, as it is known among cryptocurrency circles, uptober”, indicates financial … Read more
Bitcoin behaves as a “risk asset”, but has rapid recoveries. The price of oil skyrockets due to the possibility of greater shortages. October started “on the wrong foot.” A few hours into the tenth month of the year, war conflicts in the Middle East, Russia and Ukraine escalate to new heights. There are even those … Read more
October is historically one of the most bullish months for bitcoin, along with February. For this reason it has earned the nickname ‘uptober‘ (play on words in English that can be translated as “bullish October”). The following graph, taken from the platform CoinGlassshows that, since 2013, bitcoin had 9 positive Octobers and only 2 slightly … Read more
On past occasions, BTC had “crashed” due to wars and rumors of wars. Various factors combine to keep the price of bitcoin strong. The price of bitcoin (BTC) has shown great sensitivity to global political, macroeconomic and war events in recent years. Any situation that may be perceived as chaotic or critical, in general, negatively … Read more
2024 is coming to an end. The fourth quarter of the year is already among us. And investors in bitcoin (BTC) and cryptocurrencies are waiting to see what will happen. Many have good feelings. Reasons are not lacking. October has historically been, along with February, one of the most bullish months for bitcoin throughout its … Read more