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The Long-Awaited Moment Has Finally Arrived in Bitcoin! Will the Rally Begin? Analysts Evaluate the Situation!

Analysts from QCP Capital, a Singapore-based company, have stated that October is historically a bullish month for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). They noted that BTC has gained an average of 22.9% in October in the past, and a similar surge this month could push BTC above $78,000, setting a new all-time high. While ETH has historically performed well in October, the analysts observed a significant amount of ETH October Call purchases, indicating a potential rise in the price of ETH as well. The analysts also mentioned positive spot ETF inflows and the upcoming US elections as factors that could contribute to a bullish October.

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