Bitcoin Could Add 30% in October
The month of October is one of the best months for the cryptocurrency market. Over the past four years, October has seen Bitcoin prices rise by an average of 27.5%. The worst October was in 2022, when Bitcoin increased by only 9.0%, while the best result was in October 2021, with prices soaring by 42.0%. Therefore, I expect at least an average performance this October, with prices potentially rallying to £83,000-£84,000 per coin. These levels are the minimum required to align with the post-halving sequence.
Historically, during the six months following the halving event, Bitcoin prices have surged by 65% or more. This translates into a target range of £105,000-£110,000. I believe this would be the maximum target.
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