Matrixport: If Bitcoin price stays above $108,000, the October rally will continue

ChainCatcher news, Matrixport released a chart stating: "We decisively turned bullish in October 2022, late September 2023, and early October 2024. Our previous two calls were contrary to the mainstream market opinion at the time, but were ultimately validated by subsequent price movements. Now, bitcoin is once again entering October, historically its strongest performing month."

Over the past decade, the average increase in October has reached as high as 21.6%, with only one year recording a negative return. This pattern indicates that the current market environment still favors the bulls. If the price of bitcoin remains above $108,000, the market's seasonal advantage is highly likely to continue."