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Gate Square New & Returning Creator Rewards are ongoing!
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#BTC " Bitcoin " facing a storm of historical fluctuations
The Bollinger Bands indicator on the weekly timeframe has reached its narrowest level in Bitcoin's history, and this signal often precedes a very strong price movement, whether upward or downward.
🔹 The current calm is considered the "calm before the storm," especially with the inflows of ETF funds and strong seasonal factors such as October, historically known as "Uptober."
🔹 Some analysts see a short-term drop towards $100,000 before any new rally, while others anticipate an upward explosion that would take the price back to record levels.
📌 Historically, the entry of October has been associated with a strong rise in Bitcoin, and if institutional inflows continue, the likelihood of reaching new peaks in the coming period becomes stronger.
#FedCutsRatesBy25Bps #BtcReserveMarketImpact #AltcoinMarketRebound