Will BTC Price Post Double-Digit Gains in October?
CryptoNewsTerminal Staff14 Sep, 2024
Will BTC Price Post Double-Digit Gains in October?
### Will BTC Price Post Double-Digit Gains in October? Crypto trader Rekt Capital recently analyzed on his YouTube channel that "BTC price will likely post double-digit gains in October." He explained that "In October 2020, the month after the previous halving, the price of BTC rallied by 27.5%. In October 2016 and 2012, BTC also climbed by 14% and 10%, respectively. If this pattern continues, BTC could be in for a big rally next month." It's important to note that past performance is not a guarantee of future results. However, the historical data suggests that October could be a good month for Bitcoin investors. Only time will tell whether BTC price will actually post double-digit gains in October. However, Rekt Capital's analysis provides some reasons to be optimistic.
