Understanding Bitcoin's Seasonal Trends: Key Insights

Reported 3 days ago

In a recent analysis, Bitcoin's seasonal trends were highlighted, showing that October has historically been a strong month for the cryptocurrency, with an 86% win rate since 2018. Despite recent fluctuations and Bitcoin dropping from a high of $125,000 earlier this month, there are several factors to monitor, including bank custody developments, the impact of Mount Gox refunds, upcoming IRS tax forms for crypto sales, ETF flow dynamics, and Bitcoin's trading range. These elements could influence Bitcoin's future performance as we approach the end of the year.

Source: YAHOO

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