analyst predicts uptober rally for bitcoin regardless of fed's fomc decision

tldr: some analyst is calling for "uptober" rally even if fed cuts rates or not. btc sitting at $116k waiting for fed meeting today

so apparently we're getting an october rally no matter what happens with the fed today

bitcoin's at $116k today, up about 1% since yesterday and analysts are saying october's gonna be huge regardless of what powell decides. everyone's calling it "uptober" because btc historically goes nuts in october

polymarket shows 91% chance of 25 basis point cut. trump wants 50-100 basis points to juice the economy but most people think they'll go smaller

one analyst is saying we could see 35% rally after some bullish rsi signal hit. that puts us around $157k which sounds insane but who knows. another guy is watching $117,900 as the key level to break

here's the thing - bitcoin wins either way. if they cut rates, cheap money flows into crypto. if they don't cut, people buy bitcoin because inflation. can't really lose

september sucked but that's normal. september always sucks for bitcoin while october usually goes crazy. altcoins just hit $1.72 trillion total value so momentum is definitely building

setup looks good honestly. companies still buying tons of bitcoin, etfs getting flows, and now maybe fed makes money cheaper. plus q4 is usually bitcoin's best time of year fed decides at 2pm today. probably gonna be volatile but long term still looks up

anyone else think this uptober thing actually happens or we just gonna keep bouncing around these levels?

submitted by /u/hodorrny to r/btc
[link] [comments]
Quelle: bitcoin-en