Analyst: Bitcoin fundamentals remain strong, may rebound after October decline
According to ChainCatcher, LMAX strategy analyst Joel Kruger stated that bitcoin fell by 4.5% in October, ending a six-year streak of October gains. However, this decline may only be temporary rather than a reversal of the trend.
The fundamentals remain strong, and historically, the fourth quarter is usually the best-performing quarter for bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XUSD further depegs, dropping over 57% in 24 hours
ZEC surpasses 470 USDT, up 22% in 24H
Data: Remixpoint increases its holdings by 29 bitcoins, bringing total holdings to 1,411 bitcoins
Bitcoin mining hash rate reached a record high in October, but profits lagged behind
Trending news
MoreCrypto prices
More
