Eugene: Bitcoin seasonal rise and fall records show an upward trend in October
Trader Eugene Ng Ah Sio posted on social media, stating that seasonality is often a crucial factor in determining market sentiment. As the end of September approaches, there has never been a case where the market rose in September and closed lower in October since the birth of BTC. In the previous 11 years, BTC only fell twice in October, regardless of its price trend in September. This data point itself is meaningless, but if enough people interpret it as a buy signal, then self-fulfilling prophecy will spread rapidly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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