After rising about 80% within the first two quarters of 2023, (BTC) fell roughly 11% within the third quarter ending September. Nonetheless, there’s a silver lining for the bulls as a result of they managed a optimistic month-to-month shut in September, the primary since 2016.
Patrons will attempt to construct upon this momentum in October, which has a bullish observe document. Based on CoinGlass information, solely 2014 and 2018 have produced damaging month-to-month returns since 2013 in October. There isn’t any assure that historical past will repeat itself however the information can be utilized as a very good start line to formulate methods by merchants.
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