This post was originally published on Bitcoinist
The fourth quarter (Q4) of every four-year cycle has always been historically bullish for Bitcoin (BTC). With Uptober just a week away, a crypto analyst has shared predictions on how high the price of Bitcoin could soar during this typically bullish season.
Here’s How Far Bitcoin Can Climb In Uptober
In a recent X (formerly Twitter) post, crypto analyst, Jelle shared insights on how the next few weeks would have an impact on the price of Bitcoin. According to various analysts, the month of September is seen as a historically bearish period for BTC, characterized by volatility and severe price declines. However, in the crypto market, a prolonged bearish period often precedes a breakout.
With September wrapping up, the highly anticipated Uptober is set to begin. The term “Uptober” was coined by many within the crypto community to describe the typical upward pricing pattern seen during October. Jelle has pointed out that in the previous two bull cycles, during the volatile “summer chop fest seasons,” Bitcoin’s price had broken out two to three weeks after the start of Q4, which begins in October.
Based on this recurring bullish trend, the analyst has suggested that a similar price breakout might occur
— Read the rest of this post, which was originally published on Bitcoinist.
