Cryptocurrency analyst Timothy Peterson shared a compelling assessment of Bitcoin's performance in October. He said the first eight days of October are typically the weakest period for Bitcoin. However, the analyst also noted that months with strong starts often end with weak closes. Related News: The 15 Altcoins That Crypto Developers Focused On Most in the Last Week Have Been Revealed Peterson stated that some days stand out historically in this month, known as “Uptober” due to the tradition of bullishness among investors, and that Bitcoin rose by 71 percent on October 9, 20 and 28, and this rate rose up to 78 percent on October 29. According to the analyst's AI-powered simulation, half of Bitcoin's October gains may have already been realized. Peterson also noted that there's a 50% chance Bitcoin will close the month above $140,000 and a 43% chance it will finish below $136,000. At the time of writing, the BTC price is trading around $121,000. *This is not investment advice. Continue Reading: Experienced Name Puts Bitcoin in Artificial Intelligence Simulation: Will Prices Rise or Fall?
Bit Digital holds Ethereum worth $506.6M
