Bitcoin BTC will go to 1 lakh dollars very soon because October is always on uptrend and bullish. That’s why we call October as Uptebor. That is, the market is only up in this month. If you want to know updates about this market then turn on our website notification.
Bitcoin BTC “Uptober” Road to $100k
How many days will it take for the market to go to one million dollars? When exactly will the BULL market start? I will do detail technical fundamental analysis from A to Z.
It’s not too late for a market BULL RUN. We are exactly at this place. The market will then do a huge skyrocket. It has happened in the past as well.
We will know why the month of October is called the month of Uptober? We can see here that every October November-December market is up October scenario is best, and more indications are available when September month is up followed by October months are under pressure. Currently, we see here that our September was but green. Now October has started October must be Green and November will be Green. We can say BULL market from October only.
If we look at the Bitcoin BTC quarterly returns here we can see that 04th quarter has given the highest return. Our four quarters have been since October.
You may be wondering how low Bitcoin can go before Bitcoin BTC hits $100,000?
Bitcoin BTC can come as low as $60,000 before going over a million dollars. And by the end of October we may again see an all-time high of 74,000-75,000.
The current position of the market at 64,000 may come from 62,000 to 60,000 if there is a correction. And a BULL target will start from now.
Bitcoin BTC will reach 100,000 dollars very easily We will see it has some more fundamental analysis.
If you look at the Bitcoin BTC rainbow chat, here we can see that the color is the same color as the BUY signal. That means BTC is currently giving a BUY signal. For BUY, we will sell next to YOLO or REDLINE.
Here we see Bitcoin BTC goes up 56 percent in 2024. However, we expect it to breakout in 2025.
Another reason why Bitcoin BTC will reach one million dollars in the beginning of 2025 is that the Bitcoin Monthly Bull Flag Pattern is being created.
Here we see Bitcoin BTC Monthly Bull Flag created. Which gives good sign indication.
Another reason for Bitcoin BTC going to $1 million is the FTX exchange site, but they will re-back the public’s money. We know that in 2022 the FTX exchange site collapsed, and the bank account went bankrupt.
Billions of public dollars were stuck there, they are now 16 billion dollars. Public money will pay them soon and this is a good sign for the bullish market.
In addition, another bullish news that I said at the beginning is that Bitcoin has been increasing every October since 2010.
October average percentage is 29 percent and November 37%. Another thing is that institutional investors are getting into BTC day by day. That is, the big sports ETF funds are sinking. Big companies are buying every day. This institutional investment will increase the volume, fund the market off and help BTC reach $100,000. On the other hand, another positive news is that the founder of Binance was released from prison.
Although there are much positive news in the market, one of the negative news is that the war between Israel and Iran has started. Israel’s war on Palestine started again with Iran. Besides, Israel’s war with Lebanon has started again. This war may have a negative impact on the market due to which BTC may take some correction. But the good news is we are more bullish.
The next 68,500 could go from the support we are currently at in the 4-hour ratio. At the end of the post, I want to ask you what price Bitcoin BTC can go up to when the market is off this October? Comment it.
