Can Bitcoin Surpass Its All-Time High in Uptober?
- Bitcoin historically performs well in October, with average gains of 25.81% after a positive September.
- BTC could reach up to $80,000, surpassing its previous ATH of $73,000.
- Factors such as rising stablecoin liquidity and China’s monetary easing policies support this potential surge.
- Geopolitical tensions, like the Israel-Iran conflict, may temporarily affect this upward trend.
A standout prediction comes from Markus Thielen, who cites rising stablecoin liquidity and favorable Chinese monetary policies as key factors that could propel Bitcoin to a new ATH by late October.
Looking ahead, while certain geopolitical tensions may cause short-term volatility, the broader market sentiment and historical trends suggest a bullish trajectory for Bitcoin in the coming weeks.
