How will Bitcoin price move in the coming months?

Bitcoin ended September on a not so rosy note. The analysis showed that the coin lost 8% within a monthcost. At the same time, according to market observations, the cryptocurrency often catches up in October.

Many investors expect October to be a springboard for BTC to go into active growth in November. The probability of such an outcome is indicated by the statistics of the behavior of the cryptocurrency exchange rate since 2011.

Happy October! Glad we are almost done with September, the only month in which the simple average return for #Bitcoin is negative. pic.twitter.com/U6PFm4obSq

- Jan Uytenhout (@uytjan) September 30, 2020

Crypto trader Michaël, popular in the crypto community, also noted that with the departure of September, Bitcoin may improve its position.

More than happy to see September going away for October.

- Crypto Michaël (@CryptoMichNL) October 1, 2020

The Ecoinometrics project team, in turn,drew attention to the fact that the coin is significantly behind the intended trajectory of movement. The graph reflects the scenario of the behavior of the bitcoin rate, based on the analysis of the reaction of the cryptocurrency to the previous halving.

#Bitcoin after the Halving
Sep. 30, 2020

141 days after the 3rd halving. # BTC at $ 10,769.

This chart isn't predicting exactly what path Bitcoin will take.

What it shows is that Bitcoin is an asymmetric bet with a 10x growth potential during this cycle.

See for yourself. pic.twitter.com/DLFESrqQXc

- ecoinometrics (@ecoinometrics) September 30, 2020

Trader Tony Weiss also expressed his opinion about the prospects for further movement of BTC. He believes that at the moment, the prospect of entering a correction is open before bitcoin.

In order for the market to develop a positivescenario, in his opinion, the cryptocurrency needs to overcome the $ 11 thousand level. Tony Weiss also drew attention to the possible impact of the upcoming US presidential elections on the behavior of bitcoin.

No $ BTC price show today but nothing is changed since Tuesday, here are the Trading #Bitcoin highlights from the last episode:
Full video https://t.co/nDB1dDzv2W pic.twitter.com/nG83LiT3iA

- Tone Vays (Shitcoin Minimalist) (@ToneVays) October 1, 2020

BTC critic, economist who succeededto predict the 2012 crisis, Nouriel Roubini drew attention to the behavior of the stock market, against the background of the choice of one or another US leader (depending on their political views).

"Under the Democratic leader, the stock market grew 3 times faster than under the Republicans at the head of the country.", - he noted in his microblog.

So on average stock markets under Democratic administrations have done 3 times better than under Republican ones https://t.co/lINUYRvopD

- Nouriel Roubini (@Nouriel) October 1, 2020

By the logic of Nouriel Roubini, BTC has a better chance ofgrowth in case of victory of the representative of the Democrats - Joe Biden. Another candidate, Donald Trump, in turn, represents the Republicans, a party in which, according to statistics, the stock market, and then the digital asset market, is at risk of falling.

Some members of the crypto community drew attention to the fact that regardless of the election results, the only correct decision would be to invest in bitcoin.

Anyone else watching that debate think to themselves, now might be a good time to buy some Bitcoin?

- Ben Mezrich (@benmezrich) September 30, 2020

At the same time, the advantage of Joe Biden over Donald Trump during the debate, according to a number of investors, can be regarded as a signal to buy BTC.

People are saying that this debate hasn’t changed anyone’s mind, but I beg to differ.

I'm buying Bitcoin and bullets.

- Dan Held (@danheld) September 30, 2020

Technical analysis, according to many members of the crypto community, also indicates the prospects for the growth of the bitcoin rate in the near future.

Similar structure and vibes.

#Bitcoin pic.twitter.com/A06wFF4zQD

- Inmortal technique (@inmortalcrypto) September 30, 2020

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