Bitcoin Price Increases by 26.5% in October: Is a Downtrend Possible?

Bitcoin (BTC) price has increased by 26.5% in October, reaching the highest level in a year, as indicated by various indicators such as BTC futures premium and Grayscale GBTC. Therefore, it may be challenging to present a bearish thesis for BTC, as the data reflects a recovery period after the crash and is also influenced by the recent interest rate hikes by the US Federal Reserve.The post Bitcoin Price Increases by 26.5% in October: Is a Downtrend Possible? appeared first on COINTURK NEWS.