Bitcoin’s Halloween Haunting (and Potentially Profit‑Pumping)
Beyond the spooky trappings of pumpkins and costumes, crypto geeks have a long‑held belief: after the so‑called “Uptober” slump, a Halloween effect takes over. That’s the stretch from the last week of October straight through to the end of May when the markets swing higher.
What Do the Pros Predict for Xmas‑Tenth‑Five‑Halloween?
Finbold recently knocked on the doors of five finance pros—no out‑of‑this‑world jargon, just honest numbers. On the scariest night of the year (October 31, 2024), the average forecast is a $69,400 price tag for Bitcoin.
Variation? Oh yeah, even in optimism there’s a little wiggle room:
- Upper‑bound average: $70,400
- Lower‑bound average: $59,400
Some folks dream big (the high stakes: $85,000), while others brace themselves for a drop (the low end: $35,000).
All told, the projected price for Halloween is a whopping 101.16 % jump from October 2023.
Who’s Chilling In The Vault?
- CEO of Joy Wallet – the laid‑back leader ready to deploy wallets in the cloud.
- CEO of ForexMT4Indicators – the guru who keeps the charts crystal‑clear.
- Owner of HodlMaven – the “Hodl” hero who knows when to hold and when to sell.
- Investment Research Manager at Gold IRA Investment Guy – who echoes the wisdom of gold and crypto alike.
- Founder of Stock Dork – the fearless trader who cracked the stock code.
Bottom Line
If you’re hoping to see an eerie spike in Bitcoin’s value, October 31, 2024 might just be the night you want to watch the market lights flicker. And if you’re feeling the chill, remember: it’s not just the candles that are up for grabs.
Bitcoin poised for a record Halloween price in 2024
Bitcoin’s October: A Roller‑Coaster Forecast
Ready for a wild ride? Bitcoin’s going to hug October with a hefty dose of optimism—right up to the biggest “Uptober” highs seen in most years, only surpassed by the 2021 surge.
Projections from the Pros
- What the research team says:
According to co‑author Andreja Stojanovic, if the average price target gets hit, BTC could smash a new Halloween record. - Picture this: a price tag that’s $8,100 higher than it was three years ago, nearly double what it was in 2023, and over ten times the value of 2017 or 2018.
Things to Keep an Eye On
- Despite the bullish chatter, October still carries a side‑lot of risk.
- Early‑month hits from Middle East tensions have already tipped the crypto’s price downward, and any further war expansion could stir more stormy seas for Bitcoin.
Bottom line: July’s calm may feel like a lull before the storm, so buckle up—Bitcoin’s October journey promises more twists than a season finale of your favorite show.
