{"id":139179,"date":"2024-10-09T16:00:25","date_gmt":"2024-10-09T13:00:25","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139179"},"modified":"2024-10-09T15:25:05","modified_gmt":"2024-10-09T12:25:05","slug":"could-october-bring-a-bitcoin-surge-despite-recent-weakness","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/","title":{"rendered":"Could October Bring a Bitcoin Surge Despite Recent Weakness?"},"content":{"rendered":"<p>Currently priced at $62,020, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong> is down 0.8% in the last day but has increased by 1.6% over the past week.<\/p>\n<p>Historically, October has been favorable for Bitcoin, with notable gains of almost 30% in 2021 and around 40% in 2022. While it has seen a slight decline so far in October 2024, the asset has surged 123% in the past year.<\/p>\n<p>If the trend of \u201cUptober\u201d continues, there\u2019s a chance Bitcoin could target the $69,000 resistance level, though past performance shows declines in October for some years.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/new-bitcoin-whales-drive-investment-surge-to-nearly-108-billion\/\" title=\"New Bitcoin Whales Drive Investment Surge to Nearly $108 Billion\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-whale-1-2-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">New Bitcoin Whales Drive Investment Surge to Nearly $108 Billion<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Anticipated interest rate cuts from the Federal Reserve may also encourage investors to move towards riskier assets like Bitcoin. Additionally, increasing institutional interest, particularly with the approval of spot Bitcoin ETFs and ongoing purchases by companies such as Microstrategy, supports the bullish outlook.<\/p>\n<p>Price analysis indicates Bitcoin has been consolidating between $54,000 and $64,000. The current Relative Strength Index (RSI) of 52.33 suggests bullish momentum, indicating a possibility of price increases in the short term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC), the top cryptocurrency by market cap, shows signs of potential growth in October, despite a weak start.<\/p>\n","protected":false},"author":9,"featured_media":22968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-139179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Could October Bring a Bitcoin Surge Despite Recent Weakness? - CryptoDnes EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could October Bring a Bitcoin Surge Despite Recent Weakness? 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- CryptoDnes EN","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/","og_locale":"en_US","og_type":"article","og_title":"Could October Bring a Bitcoin Surge Despite Recent Weakness? - CryptoDnes EN","og_url":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-10-09T13:00:25+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-futures-interest-soars-1.jpg","type":"image\/jpeg"}],"author":"Alexander Zdravkov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Zdravkov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/"},"author":{"name":"Alexander Zdravkov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360"},"headline":"Could October Bring a Bitcoin Surge Despite Recent Weakness?","datePublished":"2024-10-09T13:00:25+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/"},"wordCount":162,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-futures-interest-soars-1.jpg","articleSection":["Bitcoin"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/","url":"https:\/\/cryptodnes.bg\/en\/could-october-bring-a-bitcoin-surge-despite-recent-weakness\/","name":"Could October Bring a Bitcoin Surge Despite Recent Weakness? 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