U.Today – The major cryptocurrency (BTC) ended September with a gain of 7.35%, making it the best September in its price history, reports Spot on Chain. Building on this, thanks to the power of its artificial intelligence model, the blockchain service predicts an upward trend for the last quarter of the year, starting in October, which has become known as “Uptober”.
According to AI-powered analysis, there is currently a 69% chance that Bitcoin could set a recent all-time high this month, while there is a 54% chance that the price could reach $100,000 per BTC by the end of the year.
Interestingly, October’s price history confirms the current forecast. Bitcoin hasn’t had a bad October since 2018. In the tenth month of the year, it gained an average of 14.2%, with a median return of 12.7%.
This further confirms the predictions and based on Bitcoin’s price history, it seems like the stars are setting for a surge as we enter the fourth quarter.
While the previous all-time high for Bitcoin was set at $74,000 in early March, there is a good chance that the major cryptocurrency will break another record soon. AI models are now more confident and price history confirms.
Thus, carefully observing market participants are preparing for potential profits.
As Bitcoin continues to prove that it can bounce back and grow, many expect the latest quarter to deliver the same powerful performance that has given it a “modern” success story in the past.
