Bitcoin has historically faced tough times in September, often experiencing declines across various asset classes. This year was no different. However, October, often referred to as 'Uptober,' has shown to be more promising for Bitcoin investors.
Over the past 11 years, Bitcoin has delivered positive returns in October 9 times, with gains around 60%. The resurgence of Bitcoin whales, or large holders of BTC, might indicate another strong month for the cryptocurrency.
Many believe that the return of these whales could lead to increased market activity, pushing Bitcoin's price upward. If historical patterns repeat, this October may again bring bullish trends for Bitcoin.
