Is the Uptober Tradition Breaking in Bitcoin? Analyst Points to US Midterm Elections, Shares Critical Data!
Photo: Bitcoin Sistemi
October is considered a historic bullish month for the leading cryptocurrency, Bitcoin. However, this is at risk of failing for two consecutive years. According to data, the "Uptober" trend, which saw Bitcoin rise in October from 2019 to 2024, is at risk of failing for a second year in a row. Although October is not yet over, if the monthly candlestick chart closes at current levels, it will show a negative monthly candlestick pattern with a decrease of approximately 2.4%. This would make October red for BTC, just like last year.
Source: Bitcoin Sistemi
