On September 3rd, encryption analyst Rekt Capital pointed out that BTC usually performs strongly in October. Data shows that BTC only experienced a decline in October in 2014 and 2018, both of which were in a Bear Market cycle. Currently, the market is in the BTC Halving cycle year. Historically, BTC has only had single-digit gains in October in 2018 (also a Bear Market year). In addition, October usually brings double-digit gains, with an average pump magnitude of 22%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Rekt Capital: BTC October historical average increase of 22%
On September 3rd, encryption analyst Rekt Capital pointed out that BTC usually performs strongly in October. Data shows that BTC only experienced a decline in October in 2014 and 2018, both of which were in a Bear Market cycle. Currently, the market is in the BTC Halving cycle year. Historically, BTC has only had single-digit gains in October in 2018 (also a Bear Market year). In addition, October usually brings double-digit gains, with an average pump magnitude of 22%.