As many assets in the cryptocurrency market begin to stabilize, and some even rise, there could be an epic pump season ahead, at least according to one crypto trading expert, who listed several reasons why this is quite possible and offered a chart.
Specifically, a pseudonymous professional crypto trader. Ash Krypto noted that “EPIC Pump Season” (dubbing it “Pumptober”) will begin in October and that the bullish rally will continue over the next eight months, according to a September 24 post by Expert X.
Really, Ash Krypto noted that in addition to October, which is traditionally bullish for the cryptocurrency market, Binance founder Changpeng Zhao is set to be released after serving a four-month prison sentence for violating the Bank Secrecy Act, with stocks hitting new all-time highs (ATH).
Meanwhile, September of this year may not be so bad either, considering the pseudonymous cryptanalyst. Jelle recently highlighting that Bitcoin’s move is very similar to September 2023 and that it could be the strongest September in the history of the first crypto asset, as Finbold reported on September 23.
Bitcoin Price Analysis
Meanwhile, the underlying crypto market asset changed hands at $63,900 at press time, reflecting a 0.15% gain over the past 24 hours, a 6.07% gain over the previous seven days, and a decline to just 0. 03% loss from more than 0.03%. last month, according to the latest data obtained on September 25.
Ultimately, historical data and events perceived as positive for the crypto industry should support the upcoming increase in the value of most of its assets. However, the situation in this market can change a lot, so it is extremely important to do your own research and stay up to date with all the latest Bitcoin news, forecasts, etc.
