Bitcoin’s (CRYPTO: BTC) 8% uptrend over the past 30 days is seen by traders as a precursor to what may be coming in the year’s final quarter.
What Happened: “Millionaire trader” Unipcs highlighted that eight out of ten Octobers have seen Bitcoin rise in value. Moreover, during election years, Bitcoin has consistently performed well in the last quarter of the year.
With the U.S. and China initiating aggressive rate cuts and the U.S. elections just 36 days away, the trader predicts a favorable environment for crypto bulls. He also anticipates the upcoming distribution of FTX’s $16 billion stimulus to boost the market.
CryptoQuant founder Ki Young Ju sees Bitcoin still in the middle of …
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