Bitcoin Prediction October 2024: Historical Data Suggests Positive Month

 


What is the Bitcoin price prediction for October 2024? Historical data suggests that October will be a positive month for the largest cryptocurrency on the market.

Over the past five years, the month of October has been positive for Bitcoin, even when the previous month is negative, suggesting that in 2024, the largest cryptocurrency will give considerable returns to its investors.

Recently, renowned cryptocurrency analyst Ali Martinez shared a chart showing Bitcoin’s developments since 2013. However, since 2019, October has been quite positive for Bitcoin.

As shown by the data shared by the expert, in 2023, in the previous month, Bitcoin had a return of 3.91%, while in October, the return of the largest cryptocurrency was much higher, reaching an impressive 28.52%. The data revealed that Bitcoin’s highest return in October was recorded in 2013, when the asset appreciated by more than 60%.

It’s worth noting that Ali Martinez recently shared a bullish prediction for Bitcoin in July, noting that, typically, when the largest cryptocurrency has performed poorly in June, BTC has resurfaced strongly the following month. Amidst several developments in the cryptocurrency market in June, Bitcoin’s price was influenced and saw a sharp decline, trading below $57,000 this week. In an analysis, Martinez suggested that Bitcoin has the potential to experience a significant price rally in July, marking a major recovery in the market.

At the time of publication, the price of Bitcoin was quoted at US$ 56,816.03 with an increase of 2.3% in the last 24 hours.

Bitcoin Price Prediction 2025-2033: BTC at $1 Million?

What is the Bitcoin price prediction for 2025-2033? To answer this question, analysts at Bernstein, a popular investment firm, have provided a report with impressive predictions for the price of Bitcoin until 2033. Bernstein has initiated coverage of the stock of the giant MicroStrategy.

According to the prediction revealed by Bernstein analysts Gautam Chhugani and Mahika Sapra, the price of Bitcoin is expected to reach $1 million by the year 2033. Furthermore, the analysts also highlighted that the largest cryptocurrency on the market could reach an impressive $200,000 by 2025.

Disclaimer:

The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.

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