Bitcoin’s 4% Drop Kicks Off ‘Crypto Uptober’—Experts Predict a Massive Bull Run Ahead!
The current trade price of Bitcoin (BTC) is $62,151, which is more than 3.5% down as the price dropped from $64.5k.
In September of this year, Bitcoin’s trade price fluctuated between $52k and $66.5k. After the significant dump in September, many Bitcoin investors saw it as an opportunity to accumulate Bitcoin at a discounted price, anticipating a rally in October.
Now that October has started, Bitcoin’s price has seen a significant drop, contrary to expectations. Despite this market volatility, most investors remain optimistic and expect the price to reach at least $70k this month.
Today, many investors are discussing the initial phase of a Bitcoin bull run, predicting that it will be more evident this month. Historically, October has been a favorable month for Bitcoin, with high chances of big rallies or the beginning of a faster-paced bull run.
It is worth noting that October is not only expected to support the volatile crypto market, but the upcoming U.S. presidential election in November is also anticipated to inject a strong bullish sentiment.
Currently, many crypto pundits are speculating that a win by the current Vice President of the U.S., Kamala Harris, may negatively impact the crypto sector. There are also chances that the market might see a small pump in the trade price. However, a win for Donald Trump is expected to result in a more favourable outcome for the crypto market.
