October historically sees the biggest increases in Bitcoin and the cryptocurrency market. But there is a lot of bearish pressure around this market. Many pending orders to test the 20 thousand dollars.
For weeks, and especially in the month of September, the price of Bitcoin has been under downward pressure that borders on the inhuman. However, those who have been at this for years know that it is usually not that simple. The market does not allow minority agents to make money on a recurring basis.
An analysis carried out by Jacobo Maximiliano, Bitget analyst, shows that the drop to retest the support and the purchase range of 20 thousand dollars seems obvious. In addition, he remembers that it was the great ATH (All Time High, Historical Maximum) of the previous cycle, at the end of 2018 and beginning of 2019.
