{"id":646891,"date":"2024-10-08T17:00:21","date_gmt":"2024-10-08T17:00:21","guid":{"rendered":"https:\/\/uniquehot.com\/?p=646891"},"modified":"2024-10-08T11:18:41","modified_gmt":"2024-10-08T11:18:41","slug":"bitcoin-price-turns-green","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-turns-green\/","title":{"rendered":"Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?"},"content":{"rendered":"<p class=\"p2\">The <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/october-2023-2024-bitcoin\/\">Bitcoin price started out the month of October on a rather bearish note<\/a> with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the \u201cUptober\u201d sentiment as selling pressure mounted. However, the weekend turned out to be bullish for the Bitcoin price and the pioneer cryptocurrency has moved into the green once again. This is good news for the price not just in the short term, but in the long term as well.<\/p>\n<h2 class=\"p2\">Has BTC Marked Its October Bottom?<\/h2>\n<p class=\"p2\">Crypto trade @0xjaypeg on X has taken to the social media platform to <a href=\"https:\/\/x.com\/0xjaypeg\/status\/11209534\" rel=\"nofollow\">explain<\/a> the movement of the Bitcoin price in the month of October. According to his analysis, the <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-starts-october-red\/\">initial decline suffered by the Bitcoin price<\/a> at the start of the month was not necessarily bad. This is because BTC has historically made a low in the first few days of October.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/meme-coin\/solana-based-myro-1-billion-200\/\">Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible<\/a><\/div>\n<p class=\"p2\">Jay explains that on average, the BTC price usually takes 3-4 days to bottom this month, especially with months of positive return. The most recent <a href=\"https:\/\/bitcoinist.com\/bitcoin-bullish-cup-handle\/\" rel=\"nofollow\">Bitcoin recovery<\/a> seems to be following this trend as the price stabilized toward the 6th day of the month.<\/p>\n<p class=\"p2\">Taking this into account, it could mean that the month has turned bullish for the cryptocurrency once again. If this is the case, then the Bitcoin price could be looking at an average +31.72% return this month. In the case of a positive October return, the trader outlines a possible 36.62% return.<\/p>\n<p class=\"p2\">The implication of such high returns is that the Bitcoin price could be reaching a <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/major-catalyst-bitcoin-ath-q4\/\">new all-time high if it does play out <\/a>as expected. A 30% increase from the current price level would send the BTC price toward $80,000, or higher if the bulls maintain control.<\/p>\n<p class=\"p2\">However, on the flip side of this, while the month of October has been historically bullish for the Bitcoin price, there are <a href=\"https:\/\/bitcoinist.com\/bitcoin-struggles-in-early-october-bullish-rebound-ahead-for-btc\/\" rel=\"nofollow\">times when the month has ended in the red<\/a>. Jay forecasts an average drawdown of -8.10%, or a -6.37% return if October moves positive.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/altcoin\/optimism-aptos-taiko-token-unlocks\/\">Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell?<\/a><\/div>\n<h2 class=\"p2\">What Bitcoin Price Turning Green Means<\/h2>\n<p class=\"p2\">The Bitcoin price turning green once again is bullish for the price, especially if the month ends in the green. More often than not, months when October have ended in the green have seen the last two months of the year follow suit, <a href=\"https:\/\/www.coinglass.com\/today\" rel=\"nofollow\">data<\/a> from Coinglass shows.<\/p>\n<p class=\"p2\">Over the last 13 years, five years total have ended Q4 with Bitcoin price rallies and each one began with October finishing strong. If this trend repeats here as <a href=\"https:\/\/bitcoinist.com\/the-impact-of-us-lections-dynamics-on-bitcoin\/\" rel=\"nofollow\">October turns green once again<\/a>, it is a good omen that November and December will likely end in the green as well.<\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/E2LMRqwX\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">BTC price still holding $62,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000. This put a damper on the \u201cUptober\u201d sentiment as selling pressure mounted. However, the weekend turned out to be bullish for the Bitcoin price and the pioneer cryptocurrency has moved into the green once again. This is good news for the price not just in the short term, but in the long term as well. Has BTC Marked Its October Bottom? Crypto trade @0xjaypeg on X has taken to the social media platform to explain the movement of the Bitcoin price in the month of October. According to his analysis, the initial decline suffered by the Bitcoin price at the start of the month was not necessarily bad. This is because BTC has historically made a low in the first few days of October. Related Reading: Solana-Based MYRO Next In Line For $1 Billion? Why A 200% Surge To $0.2 Is Possible Jay explains that on average, the BTC price usually takes 3-4 days to bottom this month, especially with months of positive return. The most recent Bitcoin recovery seems to be following this trend as the price stabilized toward the 6th day of the month. Taking this into account, it could mean that the month has turned bullish for the cryptocurrency once again. If this is the case, then the Bitcoin price could be looking at an average +31.72% return this month. In the case of a positive October return, the trader outlines a possible 36.62% return. The implication of such high returns is that the Bitcoin price could be reaching a new all-time high if it does play out as expected. A 30% increase from the current price level would send the BTC price toward $80,000, or higher if the bulls maintain control. However, on the flip side of this, while the month of October has been historically bullish for the Bitcoin price, there are times when the month has ended in the red. Jay forecasts an average drawdown of -8.10%, or a -6.37% return if October moves positive. Related Reading: Optimism, Aptos, And Taiko Face $169.66 Million In Token Unlocks, Should You Buy Or Sell? What Bitcoin Price Turning Green Means The Bitcoin price turning green once again is bullish for the price, especially if the month ends in the green. More often than not, months when October have ended in the green have seen the last two months of the year follow suit, data from Coinglass shows. Over the last 13 years, five years total have ended Q4 with Bitcoin price rallies and each one began with October finishing strong. If this trend repeats here as October turns green once again, it is a good omen that November and December will likely end in the green as well. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":646923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[167,428,656,679,1119,89185,1122,1144,78790,6664,26263,14690],"class_list":["post-646891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analyst","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?<\/title>\n<meta name=\"description\" content=\"The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?","url":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-turns-green\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-turns-green\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Bitcoin-green.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Bitcoin-green.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto","crypto analyst","crypto news"],"dateCreated":"2024-10-08T17:00:21Z","datePublished":"2024-10-08T17:00:21Z","dateModified":"2024-10-08T17:00:21Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-price-turns-green\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/bitcoin-price-turns-green\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin-green.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/Bitcoin-green.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-10-08T17:00:21Z\",\"datePublished\":\"2024-10-08T17:00:21Z\",\"dateModified\":\"2024-10-08T17:00:21Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/Bitcoin-green.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/646891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=646891"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/646891\/revisions"}],"predecessor-version":[{"id":646929,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/646891\/revisions\/646929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/646923"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=646891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=646891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=646891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}