CandleFocus

Why Bitcoin’s 4% October Decline May Signal More Volatility Ahead

Author: Content Editor
In October, Bitcoin has experienced negative returns only twice in its 11-year history. However, in its 12th year, Bitcoin is currently down around 4% for the month. This is unusual as Bitcoin typically reacts positively to the start of the last month of the year. The upcoming elections may contribute to increased volatility in the market. Historically, October has been a strong month for Bitcoin, with an average return of +20.60%. The current decrease in October may be due to cautious investor decisions based on macroeconomic conditions. Fluctuations in price are likely to occur towards the end of the month, influenced by elections and regulatory discussions. Analysts are unsure if Bitcoin will be able to recover the losses and end October positively, but some technical indications suggest it may have bullish trends in the coming weeks.

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