Quote from: noormcs5 on Today at 04:36:45 AM

Quote from: 9thsky on October 08, 2021, 09:24:47 PM

Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??

If you look at the history, the September month is usually not so good for the crypto and normally we see a boom in the last quarter of the year.
We have seen bitcoin cross the all the high again in October and reach to 66,000$. Hopefully this trend will continue and we may see bitcoin and overall market cap rise in the last two months of 2021.

We are hitting the last quarter of the year and as histories tell, this is the most profitable days of the year. But of course, we should not be over confident with it because the market may change its trend when we least expect it. Still, we should be cautious of how the market will react.

However, regarding this october pump, i don't think there are definite reasons everytime we the see the prices of coins pumping. Remember that we have two market cycles, the bearish and bullish one. Since september and its previous months are not really good on crypto, then maybe its time for a market cycle to change, and so we start seeing a bullish market. Well, as long as the market brings profits, then that's the most important thing.