Bitcoin: The $114,500 Mark — A Bullish Gateway for "Uptober"
Bitcoin: The $114,500 Mark — A Bullish Gateway for "Uptober"
After an exhilarating kickoff to the third quarter, Bitcoin's journey has seen a discernible shift in momentum. While July painted a vibrant picture of bullish surges, the subsequent two months have proven more challenging, with the flagship cryptocurrency struggling to establish a sustained run towards new all-time highs. However, as the final weeks of the quarter unfold, a wave of optimism is sweeping through the market, fueled by the eagerly anticipated "Uptober" season. Many investors and analysts are now looking towards the coming weeks with renewed hope, expecting Bitcoin to rekindle its upward trajectory. The term "Uptober" often refers to historical trends where October has typically been a favorable month for Bitcoin and the broader cryptocurrency market, frequently signaling the start of a robust fourth-quarter rally. This sentiment is contributing to a cautious yet hopeful outlook among market participants, who are closely monitoring key indicators fo…