Bitcoin's performance in October is under scrutiny as analysts debate between a bullish 'Uptober' and a bearish 'Rektober'. Historically, Bitcoin has seen gains in 10 of the last 12 Octobers, with notable surges of 60% in 2013 and 48% in 2017. However, current market conditions, including whale selling and reduced institutional activity, suggest potential short-term fragility.
Analysts are divided, with CryptosRus highlighting the bullish potential, while SalsaTekila warns of risks from whale behavior and slower institutional buying. Technical indicators point to buy-the-dip conditions, with support around $112,000 and the possibility of reaching new highs if key levels are maintained.
Bitcoin's October Outlook Divides Analysts Amid Historical Gains and Current Risks
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