Bitcoin Traders Patiently Waiting for 'Uptober' - Historical Prices Show BTC Gain 10 Out of Oct 13 - Markets & Prices Bitcoin News

Bitcoin Traders Patiently Waiting for ‘Uptober’ – Historical Prices Show BTC Gain 10 Out of Oct 13 – Markets & Prices Bitcoin News

Lately, Bitcoin’s volatility has been the lowest since 2020 and after the market slump last month, crypto enthusiasts are expecting a reversal in October. In fact, Bitcoin has seen gains in October ten times out of the past thirteen years, leading crypto enthusiasts to call the month “October.” While bitcoin is near 3% against the US dollar since the beginning of the month, with just over two weeks left until the end of October, bitcoin proponents are curious about how this month will end.

Bitcoin Left 2 Weeks Until End of ‘Uptober’ – Leading Crypto Up 3% Since Oct 1

Bitcoin horrific september It’s over and traders are wondering if October will show a market reversal for the leading crypto asset by market cap. was Bitcoin bound domain And the less volatile Currently, the technical indicator is called bollinger bands he is too tight, indicating that there is a move down or up soon. Usually, October is a good month in terms of BTC Gains as the leading crypto assets have seen a tenfold increase over the past 13 years. BTC It saw a percentage of losses in October 2011, 2012, 2018, and through the rest of October, along with 2009, bitcoin (BTC) saw decent gains.

In 2009, BTC It was deemed almost worthless and it wouldn’t be until the following year that the cryptocurrency asset saw real value and significant gains. For example, on October 1, 2010, 1 bitcoin was trading for $0.06 per unit and by the 31st day, BTC He was exchanging hands $0.20 per unit. During October 2010, BTC It increased in value by more than 221%. During the next two years, BTCThe performance in October was poor compared to 2010. On October 1, 2011, BTC It traded at $5.14 per unit and ended the month down 36.4% at $3.27.

The year 2011 was the first of October in the life of Bitcoin in which it recorded losses in percentage terms. When October 2012 started, BTC It traded $12.40 per coin and by the end of the month, it was down to $10.89 per unit or down 12.2% for the month. After 2012, BTC It will not witness any loss during the month of October until 2018. In October 2013, BTC It rose 52.27% during the month from $129 per coin to $196.44. The following year in October 2014, BTC It started the month at $320.51 and ended the month up 10.66% at $354.70.

Even during the 2015 bear market, BTC It made gains in October as it started the month at $238.26 and ended October at $283.68, up 19.06% against the US Dollar. In October 2016, bitcoin gained 14.89% as it jumped from $610.89 per unit on October 2, to $701.86 per coin on October 30, 2016. During the bullish run of 2017, October was a good month for bitcoin as it rose 39.74% from $4,403.74 to $6,153.85 per unit at the end of the month. It was the following year BTCFirst decline in October since 2012 as price fell 1.76% from $6602.95 per unit to $6486.39 per unit BTC.

in 2019, BTCOctober was better than October as crypto assets managed to gain 19.57% against the US dollar. that year, BTC It jumped from $7,988.16 to $9,551.71 per unit. In October 2020, the value of Bitcoin increased after reaching $10,669.58 during the first week to $13,031.17 by October 31, achieving a gain of 22.13%. The following year in 2021, BTC It rose 27.21% against the US dollar as it rose from $48,199.95 to $61,318.96 per dollar. BTC in October. So far in 2022, half of the month is over and there are only 16 days left until the end of ‘October’.

At the time of writing, with just over two weeks left in October, BTC It is up about 3% since the beginning of the month when it was trading at $1,044.11 per unit. The current exchange rate is shown on October 18, 2022, at 9:00 AM (Eastern Time) BTC Gained 2.90% since the beginning of the month. In essence, at least compared to September, “Uptober” has seen BTC Get a small percentage of the winnings but the month isn’t over yet.

With 16 days left, October 2022 could join the rest of the ‘Uptober’ years and see the leading crypto asset collect doubling gains by the end of the month. Or as the Bollinger Bands suggest, cryptocurrency has only two ways to go, and it could drop from here, and October 2022 could well join the likes of 2011, 2012 and 2018.

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What do you think of the performance of the Bitcoin market in October so far? Do you think bitcoin will rise or fall from here in terms of the value of the US dollar? Tell us your thoughts on this topic in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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