In the third quarter of 2024, the value of bitcoin rose by 2.5%, despite large sell-offs by governments in various countries and payments to customers of bankrupt crypto exchanges.

Analysts suggest that this indicates increased market stability, which, however, faces volatility spikes due to institutional sales.

All things considered, bitcoin remains the best performing asset in 2024. Note that in August of this year, the VIX Volatility Index reached levels seen only three times in its history. Equities and precious metals also performed well, continuing the 2023 trends.

Interest in bitcoin-ETFs also continued during this period, and BlackRock, the largest manager of a BTC-based exchange-traded fund, continued to add the cryptocurrency to its products. These actions act as confirmation of investors' faith in bitcoin.

In the third quarter, the correlation between bitcoin and U.S. stocks rose to 0.46, suggesting that bitcoin is increasingly aligned with traditional assets. However, the long-term correlation remains low at 0.12, showing that bitcoin still acts as a reliable means of portfolio diversification.

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We provide six distinct investing strategies.
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END-OF-TERM PROFIT

We provide three different investing strategies.
Every tariff specifies unique minimum and maximum investment thresholds, along with a guaranteed daily profit.
All three tariff plans involve accruals of dividends and the deposit principal at the end of the deposit duration.
Accruals processes every day without weekends and holidays.

End-of-term profit
3% - 5% per day
Deposit term is 365 days

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The road to a new all-time high (ATH) is filled with a plethora of obstacles for Bitcoin (BTC). From geopolitical issues to monetary policies and socioeconomic hurdles, a major price breakout looks like a far-fetched idea. This is a serious concern especially in the month of October, also known as "Uptober" in the crypto community.

October is a crucial month for the Bitcoin price, and if history is any guide, BTC has usually performed pretty well at this time of year. However, the first three days of October have been discouraging so far. As expected, the crypto community was quick to change its expectations, as they have renamed their so-called favorite month to "Rektober."

While Bitcoin's price performance has been on the bearish side so far, some analysts are still believing in the "Uptober" theory. For instance, renowned analyst Jelle has shared his positive Bitcoin price prediction. He still believes that a notable price breakout is in the cards for the largest cryptocurrency on the market.

New ATH in October?
Jelle took to X (formerly Twitter) to tell his 91.9K followers that all is not lost for Bitcoin. He explained that bull market summers are typically choppy in nature. The analyst said that this year has also been the same so far. By "choppy," he means a period of consolidation and consistent price dips after a brief period of rallies. However, Jelle gave his followers good news.
He said that the Bitcoin price historically breaks out of the consolidation range in the second or probably the third week of October. If this happens, there will be no debate, and October will finally be crowned as "Uptober," or the best month for the market. In concluding his analysis, Jelle mentioned that if this historic pattern repeats itself, then the market is going to witness a new all-time high for Bitcoin later this month.

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