Bitcoin stock (BTC-USD) was trading at $19,318 at the time of writing, up over 2% in the past seven days.
Bitcoin stock (BTC-USD) might reach $26,000 in the next four weeks, according to James Altucher.
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The presenter and creator of InvestAnswers, cryptocurrency guru James Altucher, believes that as the fourth quarter starts, October will be traditionally a strong month for Bitcoin stock (BTC-USD)
Based on the average return for October, he believes Bitcoin stock (BTC-USD) might reach $26,000 in the following four weeks. Bitcoin reached a price of more than $26,000 in June, and the last time it went beyond $25,000 was in August.
Bitcoin (BTC-USD) was trading at $19,318 at the time of writing, up about 2% in the previous seven days.
“Looking forward to October, the average return for October is 28.42%, implying that the Bitcoin (BTC-USD) price will rise to about $25,000-$26,000. So we’ll see what happens. We were just a few thousand dollars away from that level not long ago, and we could easily return to it, “He said.
According to James, October has the third-highest average monthly return.
“Let’s see how October compares to previous months in Bitcoin’s history. September is red, while August is close to breakeven. However, October is traditionally the third-best month. As a result, many individuals refer to it as “Uptober.”
Last week, Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said that rules might assist the cryptocurrency business, including a possible increase in Bitcoin’s price.
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Author Okoro Chinedu 
