Matrixport: If bitcoin price stays above $108,000, the October rally will continue
Jinse Finance reported that Matrixport released a chart stating: "We decisively turned bullish in October 2022, late September 2023, and early October 2024. Our previous two calls were contrary to the mainstream market opinion at the time, but both were ultimately validated by subsequent market movements. Now, bitcoin is once again entering its historically strongest month, October. Over the past decade, the average increase in October has reached as high as 21.6%, with only one year recording a negative return. This pattern indicates that the current market environment still favors the bulls. If bitcoin's price remains above $108,000, the market's seasonal advantage is highly likely to persist."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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