Bitcoin, in October last year, registered an average closing price of $ 58,051. It enters the first day of the same month this year with far less value, trading at $ 19,358 as of this writing, according to tracking from CoinGecko.
- Bitcoin is currently trading above the $ 19,000 mark
- In October, 2021, Bitcoin traded above the $ 60K mark for 16 straight days
- Bitcoin aims to regain the $ 20,000 level
But even with that huge value discrepancy, some experts believe that the maiden cryptocurrency might be on the verge of a significant price movement as it enters October – a month noted to be “favorable” for the asset.