Bitcoin Price and Ethereum – Will October be a Bullish Month?

cryptonews.com:

Bitcoin, the leading cryptocurrency, is currently trading at $20,140.48, up 0.09%. Even though Bitcoin's price is still far above $20,000, cryptocurrency values fell sharply today. 

However, Ether, the token associated with the Ethereum blockchain and the second-largest cryptocurrency, is trading at $1,358.95 and is up 1.00%. Dogecoin is up 6.80% to $0.06 today, while Shiba Inu is pumped nearly 2.20% to $0.000011. 

It implies that a change in a pattern could signal a trend reversal, and October could be a bullish month for cryptocurrencies.

Justin Bennett, a well-known cryptocurrency trader, has just released his Bitcoin (BTC) playbook for the month of October, along with a set of market analyses. 

As long as $18,700 holds, this is my #Bitcoin playbook through October. 

The analyst predicts that the flagship cryptocurrency will stay over $18,700 throughout the coming month.

Based on past performance, October could be a good month to invest in Bitcoin. Market watchers for cryptocurrencies have noticed that October is typically a good month for the currency. Due to growth from the previous year, early in November, it hit a record high of approximately $66,000.

Galois Capital, a cryptocurrency hedge fund known for correctly predicting the collapse of Terra's algorithmic stablecoin UST, tweeted:  

The meme was quickly adopted by other accounts with sizable followings as well.

Although the term "Uptober" is relatively new, it gained popularity during last year's record-breaking rise. However, conventional wisdom predicts that October and November will be good months for cryptocurrencies, particularly Bitcoin.

Bitcoin's performance in October has been positive eight times out of the last 12 months, and BTC has shown positive performance