The historical Bitcoin price trend in October is expanding the hope of another bull run at the end of the year-market tactualizations

Bitcoin again recorded price losses, but as soon as the month ended, billions flowed back from dollars to the crypto economy. Key figures show that September was consistently a bad month for Bitcoin, but the October has traditionally been a good month for Bitcoin since 2013.

Bitcoin in October was profitable in 77% of cases

In 2020 the Bitcoin Prize ( btc ) closed the month of September with around 10,750 USD per unit, btc rose by 25 % to around $ 13,450 per unit. This year the September was dreary, and many crypto supporters asked to be woken up when " September ends . " On September 26th, Civic co-founder Vinny Lingham wrote again that feels like in September 2017 ... What happened next? "

on October 1, 2021, btc rose from $ 43,500 per unit to the Friday target = "_ blank" class = "lar-automated-link" href = "https://markets.bitcoin.com/crypto/btc" rel = "noopener"> btc . That is an increase of about 11.49 % and the climb took place very quickly around 3 a.m. (EST).

Before July and August, btc for around three months with negative returns, and in September the prices slipped again into the negative area. China was held responsible for the decline, which is made against Bitcoin ( btc ) and cryptocarboning exchange for seventh time since 2013.

Bitcoin also recorded losses on the day on which El Salvador introduced the cryptocurrency as a legal means of payment, and also btc slipped when Evergrand's real estate crisis shook the global economy.

was slow during September, institutional Bitcoin products were able to record some advantages

All of these dips were then found instead of btc a high of 52,000 USD and the cryptoma markets saw at that time bullish out of. The prices in September were not so hot, but the metrics of a current CryptoCompare report Institutional products that an btc saw some advantages.

"Bitcoin-based products recorded the highest inflows from all assets with an average of $ 31.2 million a week," said the research details from CryptoCommare. "There could be an upward trend until the last quarter of 2021."

While btc on October 1, the 50,000 dollar zone approached, the crypto-asset has a certain resistance to the 50,000-dollar handle And even more when it reaches $ 53,000. In addition, as Bitcoin ( btc ) in October since 2013 profitable increases in value, in November and December significantly larger increases in value.

What do you think of Bitcoin's performance in September and the trends associated with Bitcoin's performance in October in recent years? Let us know your opinion on this topic in the comments below.

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