Bitcoin – BTC again demonstrated good performance in October. This month since 2019 has invariably ended with the strengthening of the rate, reminds CryptoRank.
But in 2022, the yield was lower than the results of the previous three years. The cost of bitcoin increased by 5.55%, and in 2019, 2020 and 2021. it soared by 10.5%, 28.1% and 40% respectively.
September has traditionally become a month of bad luck for Bitcoin.
It is too early and difficult to predict the results of November. In 2019 and 2021 bitcoin was getting cheaper, but in 2020 it ended the final month of autumn with a spurt of almost 43%.
According to Ali Martinez, the market is at the bottom. The capitulation took place after the fall of Bitcoin from $30,000 to $17,000. Therefore, the analyst doubts that we will see testing of lower values very soon.