What historical trends in October might inform Bitcoin future price movements?
Why is this the correct answer?
This is correct because historical data frequently reveals that Bitcoin enters a recovery phase during October after any mid-year or early autumn sell-offs. Traders often see renewed buying interest as market cycles align with increased trading volumes and positive sentiment in the fall season. For beginners, noting these seasonal patterns can help frame expectations, though it is not a guaranteed outcome and should be balanced with analysis of current economic or geopolitical conditions.
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