The month Of October started on a good grand for Bitcoin as its price raised significantly in the late hour of the 1st of October a move many analysts have predicted to be the full return of the Bitcoin bull market.
actually many people expecting a good bounce in bitcoin on this month of october because of some sign that keep bitcoin looks very interesting despite of the situation of the market after the take over of bear. and in fact many analyst saying that the bear market will not last during the downtrend, so probably that's what happening right now wherein the market is in bullish mode again. And mostly were good news.
Starting the month right but we must be careful enough whether to sell it now or wait a little longer, it will be a deciding point if this month can be a selling period but taking profit and being able if there is some dips can be done as Q4 of the market usually shows good sign of profit even in the past years even there are negative news and pandemic happeining.
It's always supposed to happen that as the Q4 comes, it will be the start of a bullish season, or if not, the market shows good signs of profit. But who knows? This year might be different.
However, i don't want to look into the negative side, but rather focus on the positive one. Bitcoin has been very profitable even when the year has just started and hopefully this will also end the same way. The adoption of bitcoin has been increasing gradually and maybe we can expect that at by the end of the year, another country or nation will adopt bitcoin and eventually will use it as a legal tender. The market may still be uncertain in the next days, ups are downs of prices are to be expected, but at the end of the day i know bitcoin will definitely be in good shape again.