Focusing too much on Bitcoin Uptober is a ‘mistake,’ says crypto trader
A crypto trader opined that market participants should step back from the Bitcoin “Uptober” hype and look at the bigger picture.
While October has historically been one of the strongest months for Bitcoin (BTC), a trader argues that placing too much importance on the entire month is wrong.
“I do believe focusing too much on one month versus periods or larger blocks of time is a mistake,” Oliver Velez wrote in an Oct. 2 X post.
The average monthly return in October for Bitcoin is 20.65%. Source: CoinGlass
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Author: Ciaran Lyons
