Ethereum

Bitcoin

Propel

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-october-propel-bitcoin-and-ethereum-higher" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can October Propel Bitcoin and Ethereum Higher?</a><br></p>
<p style="text-align: justify">October has historically been a fruitful month for <a href="https://en.bitcoinhaber.net/impact-of-spot-bitcoin-etfs-could-surpass-bitcoin-halving-by-30-times-says-adam-back" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoins-critical-threshold-navigating-the-volatile-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>), often dubbed “Uptober.” A recent analysis from Singapore-based QCP Capital reveals that Bitcoin has averaged a 22.9% return in October over the past nine years, with this trend occurring in eight of those years. If this pattern continues, Bitcoin might break its all-time high of $78,000 this year.</p>
<h2 style="text-align: justify" id="what-signals-positive-trends-for-bitcoin">What Signals Positive Trends for Bitcoin?</h2>
<p style="text-align: justify">QCP Capital indicated that Bitcoin has been fluctuating between $60,000 and $70,000 for the last eight months, but with October’s arrival, market participants are optimistic about a potential breakout. Factors such as the upcoming U.S. presidential elections and the positive momentum surrounding spot ETF entries are seen as key indicators of significant market movements.</p>
<p style="text-align: justify">Furthermore, funding rates in perpetual futures markets are nearing levels reminiscent of the bull run earlier this year, suggesting that October could usher in notable upward shifts in prices.</p>
<h2 style="text-align: justify" id="will-ethereum-follow-bitcoin-s-lead">Will Ethereum Follow Bitcoin’s Lead?</h2>
<p style="text-align: justify">Ethereum (ETH) typically mirrors Bitcoin’s performance in October. Historically, Ethereum has secured an average gain of 5% during the month. Recently, QCP Capital noted a surge in the volume of Ethereum options being traded, pointing to a bullish sentiment among investors in the altcoin sector.</p>
<p style="text-align: justify">As both Bitcoin and Ethereum navigate this pivotal month, historical trends and current market indicators lead many investors to speculate on potential price surges. If Bitcoin manages to exceed $78,000, it would not only set a new record but also reflect the critical influence of spot ETF entries and funding rates in the futures market.</p>
<ul>
 <li>Bitcoin averages a 22.9% return in October.</li>
 <li>Price consolidation between $60,000 and $70,000 may soon end.</li>
 <li>Funding rates echo levels from early 2024’s bull run.</li>
 <li>Ethereum sees increased options trading, indicating investor confidence.</li>
</ul>
<p style="text-align: justify">Market trends suggest that October could be a month of significant opportunity for both Bitcoin and Ethereum as they aim for new price heights. The interplay of historical data, market sentiment, and upcoming events will play a crucial role in shaping their trajectories.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-october-propel-bitcoin-and-ethereum-higher" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can October Propel Bitcoin and Ethereum Higher?</a></h5>

Can October Propel Bitcoin and Ethereum Higher?

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