Asia Colour - 14 Oct 24
1/ #BTC rally from 62k to 65k, fueled by $80M in liquidated shorts, has sparked fresh optimism in Uptober.
2/ While some point to Mt. Gox’s postponed repayment as the trigger, the timing ahead of the U.S. elections mirrors historic patterns. In both 2016 and 2020, #BTC surged just three weeks before #Election2024 Day.
3/ With #BTC up only 1.2% this month vs. the usual 21%, is today’s move the start of history repeating itself?
4/ Find out more here:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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