Key Insights
- Bitcoin generally performs extraordinarily well in October.
- This major performance can push prices above $70,000.
- Yeti Ouro is one major cryptocurrency that will tap into this bullish trend and ignite a major rally.
September, which became infamous a bearish month, was bullish for Bitcoin. The cryptocurrency finished the month with as high as a 9% rally in what happens to be the best September since before 2013.
Octobers, which are generally bullish months for crypto, has just begun. What could the month be cooking for Bitcoin this time around?
Bitcoin Set To Smash $70,000
According to TradingView, it has increased by as much as 6% in the last 30 days. On a YTD basis, the cryptocurrency has also moved to the upside by around 45%.
The same bullishness holds with a 1-year price increase of as high as 144%.
So, what could Bitcoin be up to this month? To start with, October marks the start of the fourth quarter of the year. Coinglass data shows that Octobers, Septembers, and Decembers bring Bitcoin average returns of around 60%.
It means that the cryptocurrency will more than rally until the end of the year.
In the weekly charts Bitcoin now appears to be testing the 25-week EMA. This dynamic resistance sits somewhere around 60,636.
To put things into perspective, Bitcoin is likely to rebound very soon and form a new higher high. This becomes even more likely as long as a break below this 60,636 price level doesn’t occur.
Considering how the cryptocurrency’s previous high was around the $66,000 zone, the likelihood of a $70,000 retest remains high regardless.
Therefore, Bitcoin is likely in one of its most bullish months of the year.
Yeti Ouro
This growth on Bitcoin isn’t limited to the flagship cryptocurrency alone. In fact, the rest of the altcoin market will likely rally alongside BTC.
One of the most poised cryptocurrencies to benefit from this so-called “Uptober rally” is Yeti Ouro. Yeti Ouro is a new memecoin based on the Ethereum network.
The cryptocurrency is still in its presale phase and is currently selling for a pre-market price of $0.012. The exciting part about this sale is that it offers a generous 10% discount for early adopters. This explains its massive sale rate, with millions of tokens already scooped up by investors.
In less than three weeks since the initial pre-market announcement, the project has also garnered more than $250,000 in premarket sales. Investors can’t get over $YETIO’s connection to the upcoming Yeti Go game. Yeti Go is currently being developed using Unreal Engine 5 and FMOD. The game is in the racing niche and involves players attempting to push other competitors off the racing tracks.
Players also get to collect upgrades and weaponized gadgets in the ultimate test of skill and strategy. All of these combined are major factors that will push Yeti Ouro into a major rally, alongside Bitcoin in October.
Website: www.yetiouro.io
X (Formally Twitter): Â https://x.com/yetiouro
Telegram: https://t.me/yetiouroofficial
Discord https://discord.gg/YtUsEZ2ZrV
