🔲 On Halloween 2024, both cryptocurrency and stock markets are showing interesting trends, including a seasonal effect known as the “Halloween Effect”. He points out that markets historically perform better between November and May than in the summer months. This is attributed to the return of investors to active trading after the summer holidays and increased demand for assets in autumn and winter. Although this effect has mostly been applied to traditional markets, its counterpart is also observed in cryptocurrencies, although the volatility of digital assets makes the results less predictable.
🟡Regarding cryptocurrencies, Halloween could be a pivotal moment for Bitcoin. Analysts expect the price to reach $65,000-$85,000 due to factors such as the introduction of Bitcoin ETFs and the effect of the April halving. However, given the volatility of the market, there are also warnings of possible corrections or unexpected price declines even during the optimistic forecasts of this period.
🟡Stock markets also show activity in October, when the so-called "Uptober" takes place - the tendency for shares to grow during this month. This could be a prerequisite for stronger activity in the run-up to Halloween, when many investors are anticipating the start of a favorable winter season for the markets.
🟣Thus, Halloween 2024 could bring both “candy” and “jokes” to both markets, so investors should be prepared for both growth and potential volatility in both cryptocurrencies and stock markets. This volatility creates both profit opportunities and risks for traders and investors.
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The content of this publication does not constitute financial advice. Always do your own research.
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