Bitcoin’s price this Halloween: new record looms? Finance experts’ survey
October holds many beliefs and superstitions within the cryptocurrency community. Thanks to Bitcoin’s (BTC) historical performance within the month’s 31 days, October has gained the nickname ‘Uptober,’ and the optimism extends beyond it as many believe markets trade higher between Halloween and the end of May. For this reason, Finbold Research asked five finance experts about their price target for the world’s premier cryptocurrency on the spookiest of holidays. On average, the five analysts forecasted that BTC would trade substantially – 14% – above its October 10 price of $60,875 and stand at $69,400 come the end of the month. This Halloween, Bitcoin is predicted to be 101.16% higher than on the same day in 2023, well above the $21,348 recorded in 2022 and even beyond the current record year of 2021 when BTC stood at $61,300. Experts agree on factors that drive Bitcoin price for Halloween Despite th...