Crypto analyst Rekt Capital believes that Bitcoin will not close in the red in October, citing the cryptocurrency's historical performance. While Bitcoin's price has experienced a 3.78% deficit from its September closing price and dropped to a 3-week low, Rekt Capital points out that Bitcoin has only closed negatively in October twice before, during the crypto winter in 2014 and 2018. Based on historical data and the fact that the crypto market is not currently in a bearish cycle, Rekt Capital is confident that Bitcoin will follow past patterns and close positively this month. Additionally, Bitcoin's performance in October following the halving event suggests a bullish trend, and historical data shows that when September closes positively, Bitcoin tends to see significant gains in October. Despite recent dips, market experts believe that Bitcoin may have bottomed out and will continue to recover based on favorable macroeconomic metrics.



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