Bitcoin’s October Track Record Has Diehards Keeping the Faith
- October tends to be positive month for both Bitcoin and Ether
- Up month would be reprieve for investors after down September
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After two consecutive months of declines, Bitcoin advocates are hoping that the largest cryptocurrency reverts to form in October, which has typically been one of its best months for gains.
The virtual currency tends to rise roughly 25% in October and has, since 2015, advanced more than 85% of the time during it, according to Bespoke Investment Group.