Bitcoin’s (BTC) price stabilized and found strong support at the $27,500 range.
Since 2011, Bitcoin has experienced cumulative growth surpassing 20,000,000%.
As October dawns upon the crypto world, historical data suggests that Bitcoin (BTC) may be gearing up for a potentially bullish month. The oldest crypto gem has often witnessed an upswing in its fortunes during this time of the year, igniting hope among investors after a challenging few months.
Bitcoin found a solid support base around the $27,500 mark following a recent correction, and it has since embarked on a fresh uptrend, breaking through the $27,600 level. The question now looms – could this be the beginning of the next bullish run?
Bitcoin (BTC) Monthly Returns (Source: CoinGlass)
Over the past decade, October has consistently proven to be a favorable month for Bitcoin. In 2021, BTC surged by 39.93%, while 2020 saw a substantial increase of 27.7%. Going back a bit further to 2017, October concluded with a bullish surg
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