Bitcoin Poised to Challenge $70,000 in October

Bitcoin is set to achieve at least a 9% gain in September, breaking the negative performance trend for this month since 2013, laying a strong foundation for the upcoming October. Historical data shows that an uptick in September often signals further growth in October, November, and December. Since 2013, October has only ended in loss twice, with an average gain of 22%. Against the backdrop of current global monetary policy and U.S. political support, market analysts predict that Bitcoin’s price has the potential to rise from around $64,000 to $70,000, marking the start of a bull market cycle. Seasonal factors also indicate that as demand increases, investor confidence in Bitcoin is likely to continue to grow.