CandleFocus Why Bitcoin Isn’t Rising Despite Entering October, the So-Called Bullish Month? Analyst Reveals “Date to Expect”
2024-10-04
Author: Content Editor
Timothy Peterson, a renowned economist in the cryptocurrency industry, believes that the recent poor performance of Bitcoin in October can be attributed to the US elections. He noted that historically, October has been a bullish month for crypto, but this year has seen the worst start for Bitcoin in the last 10 years. Peterson also mentioned that the introduction of Bitcoin spot ETFs has somewhat hindered the growth of Bitcoin wallets, but this situation is improving. He predicts that an all-time high in wallet growth could occur before Bitcoin breaks its previous price record, possibly within the next 90 days. Currently, the price of Bitcoin is $60,700, with a 0.21% increase in the last 24 hours.
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