QCP Capital: Seasonal rebound may occur in October

Odaily reports that QCP Capital's latest analysis indicates that September is typically a bearish month for cryptocurrencies and other asset classes, but October has historically been strong. Data shows that in the past nine years, Bitcoin has achieved positive returns in eight Octobers, with an average increase of 22.9%. This seasonal pattern may explain the recent bullish buying in the options market, with another 150 call options expiring in December and a strike price of $80,000 observed again during Asian trading hours. QCP suggests investors might accumulate Bitcoin during September pullbacks and take profits either in October or at year-end.