Bitcoin's Average Gain in October Reaches 22%, Showing Strong Historical Performance
Publication Time:2024-09-03 09:58:08
Cryptocurrency analyst Rekt Capital analyzed Bitcoin's (BTC) historical performance in October and found it to be typically very strong. Data shows that since 2014, Bitcoin has only experienced a decline in two Octobers, which coincided with bear market cycles. In contrast, the current market is in a year of Bitcoin halving cycle, further emphasizing the importance of October for Bitcoin. It is noteworthy that although 2018 was also a bear market, the gain for that year remained in single digits. However, excluding this special case, gains in October are usually significant, averaging an astonishing 22%.
Bitcoin
22%
October
historical average gain
strong performance