Browsing: Federal Reserve

Bitcoin faces a potential first negative October performance in eight years, with current prices 2.3% below the monthly start, threatening the ‘Uptober’ bullish tradition. Historical data from CoinGlass and insights from economists like Timothy Peterson highlight rare declines and rebound potential, while technical analysis identifies key support and resistance levels. Institutional inflows and Federal Reserve policies could offer relief, but risks remain in this volatile market environment.

Despite last week’s historic crypto crash and largest liquidation event, analysts maintain bullish October forecasts citing structural market adjustments rather than fundamental breakdowns. Technical patterns, historical seasonality, and macroeconomic tailwinds combine to support continued ‘Uptober’ momentum with key levels defining risk management strategies.