Analyst Suggests October Could Be a Good Month for BTC

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According to Bloomberg strategist Mike McGlone, September ended with losses as expected. However, October could prove to be a good month for the largest digital currency.

According to the results of the second month of autumn, since 2014, on average, the value of BTC added about 20%.

The bearish phase in the market is ending, which is signaled by an increase in the Bloomberg Crypto index, which acts as a benchmark for investors.

The expert does not exclude increased pressure on Bitcoin if the Fed again goes to raise interest rates. However, fundamentally, the situation has already stabilized. BTC and altcoins have found the bottom.