October is generally considered to be the time of bullfighting for the Bitcoin world. Let's findout
Uptober?
October is called Uptober for a reason, which means UP, but with the arrival of October, the value of Bitcoin has started falling, which means DOWN.
Wallet Street Outflow
This year the ETF witnessed large scale outflow with the start of October, which means Wall Street isn't going to believe in bullish October for Bitcoin, but will use its own way.
Bullish Analysis
Some analysts believe that bulls are in the waiting zone, and Bitcoin will give a surprise bull run at any time, but I am not completely sure why they missed the fall that happened last October.
October Bitcoin Price
BTC price is still above $60k, but only time will tell how long it will remain. If October remains a bearish October, then we will only have one benefit: Buy The Dip.
My Conclusion
BTC is not based on one month; just a hopeful part of the cryptoverse believes in it; even the last BTC ATH happened in March, not October. The October effects are based on tough decisions.
