- Bitcoin is expected to reach $80,518 in October, following a projected 25.81% market gain.
- November’s projected rise is 11.44%, with BTC expected to hit $89,727, continuing constant growth.
- Bitcoin could reach $100,000 in December, closing at $106,718, marking a year-end gain.
Bitcoin is expected to surpass the $100,000 mark by the end of this year, following consistent market gains. Historical data suggests that Bitcoin follows the average post-September green candle trends.
Bitcoin’s Trajectory Following Green September
The movement of BTC in September has been a key indicator for market analysts. Following a green candle in September, Bitcoin sees an upward move in the final quarter of the year. This year, projections based on historical averages indicate a rise in BTC’s value by year-end.
According to the data generated by the Bitcoin Archive, October shows an average gain of 25.81%, correlating with a projected price of $80,518.40 for BTC. The chart indicates a price movement upward in October, recalling strong market activity.
In November, the average gain decreased to 11.44%, with Bitcoin’s price expected to reach $89,727.02. Although the percentage increase is lower compared to October, BTC continues to experience a continuous upward direction.
Bitcoin Expected to Surpass $100,000 in December
The month of December shows an average gain of 18.94%, with a tossed BTC price of $106,718.33. This draws a strong finish for the year, pushing the digital asset above the $100,000 level.
The price of BTC now stands at $61,530.46, showing a 3.43% decrease in value for the day. BTC’s market cap is $1,215,947,416,021, a reduction of 3.42%, mirroring the dip in Bitcoin’s overall market value.
The trading volume for BTC in the last 24 hours has increased by 40.42%, with a total volume of $50,150,310,907, indicating a trading activity, even as prices have declined. The volume to market cap ratio, which measures the proportion of trading volume to the total market capitalization reading at 4.13% at the hour of writing.
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