• Bitcoin, at press time the coin trades at $111,358.88 with a slight rise of 0.20%.
• October and November are the best months to take a risk when it comes to BTC. The months are traditionally strong months for the cryptocurrency.
• Spot Bitcoin ETFs pulled in almost 5 billion dollars net in the first half of October. This points to fresh trust from big players in the market. Public companies now hold $117 billion worth of BTC.

When looking into the future, October and November are the best months to take a risk when it comes to Bitcoin. The months are traditionally strong months for the cryptocurrency. Although past performance is not guaranteed, traders are certain that the bullish trend will continue within the last months of the year.

The data starting from 2019 shows an average return around twenty percent. That pattern holds up pretty consistently.The median sits at 15 percent. Even with a 4.3 percent drop early this month, traders hold onto hope for a turnaround. This sets up what could be a key shift in Bitcoin’s market path.

Current BTC Technical Chart Indicates

At press time the coin trades at $111,358.88 with a slight rise of 0.20%. The Relative Strength Index (RSI), sits at 40.38. That means a bearish trend since it falls below 50. Then the MACD indicator also shows negative values.

The histogram looks bearish too, hinting at momentum heading down. Volume stands at 74.596 billion. All in all, the chart points to bearish sentiment overall. Things could consolidate or drop more, depending on how these indicators play out.

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The Role of Fed Rate Cut Odds

Odds for a Federal Reserve rate cut look high. The CME FedWatch tool shows a 96.7 percent chance for a 25 basis point drop. Such a move would mean more liquidity in the system. Borrowing costs might ease up too. That could spark interest in riskier assets like cryptocurrencies. Bitcoin stands to benefit from this kind of economic nudge.

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Institutional Flows and Market Sentiment

Spot Bitcoin ETFs pulled in almost 5 billion dollars net in the first half of October. This points to fresh trust from big players in the market. Public companies now hold 117 billion dollars worth of Bitcoin overall. That marks a 28 percent jump from the last quarter. More than one million BTC sits in corporate hands. These trends hint at deeper involvement from institutions.

Also Read: Bitcoin Faces $110K Support Test with Over 90% of BTC Supply Still in Profit

Correlation with US Equities

Bitcoin is tied closely to US stock movements right now. It shares a 92 percent link with the Nasdaq, almost like a bet on tech shares. Late tensions in US-China trade talks hit stocks hard. Bitcoin followed suit with its own dip.

Conclusion

The crypto space keeps changing fast. Watching broader economic signals matters for Bitcoin’s direction. A rate cut on the horizon adds to the mix. So does the rise in institutional buys. However, when looking into the future, October and November will be the best months to take a risk when it comes to Bitcoin. The months are traditionally strong months for the cryptocurrency.

These factors line up for a possible big price swing. Uptober could stick around. Or external pressures might shift things the other way. Time will show the outcome.

Also Read: BlackRock’s Bold Shift: Larry Fink’s Bitcoin U-Turn in 2025