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$BTC is currently down ~4% since the start of October. If we close the month at this level, it would mark the worst October for Bitcoin since 2014.
Historically, October tends to be one of the most bullish months for Bitcoin. But with 8 days remaining, there’s still plenty of time for a green finish.
Several major events are coming up:
- Tomorrow: the CPI report
- Next week: FOMC interest rate decision
- By November 1st: the deadline for the 100% tariffs on China. A deal needs to be reached before then, or the tariffs could be postponed. Personally, I doubt Trump will stick rigidly to enforcing the full 100% tariffs.
These next 8 days will be very interesting.
What’s your expectation? more downside, or will Bitcoin close October in the green?