Analyst: 'Uptober' risks failing two years in a row as US midterms loom
- —October is tracking a roughly 2.4% loss, a second straight red month
- —Last October closed down 3.9%
- —BTC averaged a 53.7% gain in the 12 months after US midterms
- —Analyst ties the gains to the halving cycle, not elections
Why it matters: A second red October would undercut the 'Uptober' seasonal narrative and shift investor focus to the halving cycle rather than election outcomes.
Source: Bitcoin Sistemi