QCP: Bitcoin Enters 'Uptober' as Historical Data Suggests Potential for All-Time Highs

QCP Capital noted the start of "Uptober," highlighting October's historically bullish trend for Bitcoin. Over the last nine years, Bitcoin has recorded an average gain of 22.9% during October in eight of those years. A similar performance this year could push Bitcoin beyond $78,000, breaking its all-time high.In addition, QCP observed a notable volume of Ethereum October call options being purchased this morning, suggesting that investors are positioning themselves for a bullish October not only for Bitcoin but for Ethereum as well. With October often bringing positive market movement, the crypto community is optimistic about the potential for significant price increases in the coming weeks.