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??
According to my knowledge, one of the factors that made the price of Bitcoin rise from the beginning of October until the achievement of ATH was due to the Bitcoin blockchain update called Taproot to add smart contract functionality to Bitcoin. Therefore, with this Taproot upgrade, privacy and transaction efficiency will be even better. This increase in efficiency is certainly one of the strong factors driving a number of large institutional investors to invest in Bitcoin so that Bitcoin has increased.