Ripple (XRP) Bullish Times Ahead- A Big October Crypto Rally Incoming
Bitcoin returned above $42,000 on Thursday as buyers appear to be gaining strength. The cryptocurrency experienced a volatile September and is down about 11% for the month to date, compared to a 4% loss in the S&P 500 stock index over the same period.
But looking to October, some analysts expect a recovery in cryptocurrency prices. Historically bitcoin generates positive returns in the fourth quarter, according to the data, and that could limit selling pressure.
“Bears start to hibernate” in autumn, FundStrat, a global advisory firm, wrote in a Wednesday newsletter, referring to bitcoin’s tendency to produce positive gains in October.
“Overall, [bitcoin] has fared quite well in October, often following abysmal September performances with meteoric rebounds,” FundStrat wrote. “We think this is useful data for those investors discouraged by recent volatility.”
Historically, equities also produce positive returns in October, albeit vulnerable to volatile swings. November is typically the strongest month for both equities and cryptocurrencies.
Enjoy the video! Stay safe everyone.
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Disclaimers: The above references an opinion and is for entertainment purposes only. I'm not a financial advisor and this is not intended to be investment advice. Seek a duly licensed professional for investment advice. ALSO, Links in the description are typically affiliate links that let you help support the channel at no extra cost.
Bitcoin returned above $42,000 on Thursday as buyers appear to be gaining strength. The cryptocurrency experienced a volatile September and is down about 11% for the month to date, compared to a 4% loss in the S&P 500 stock index over the same period.
But looking to October, some analysts expect a recovery in cryptocurrency prices. Historically bitcoin generates positive returns in the fourth quarter, according to the data, and that could limit selling pressure.
“Bears start to hibernate” in autumn, FundStrat, a global advisory firm, wrote in a Wednesday newsletter, referring to bitcoin’s tendency to produce positive gains in October.
“Overall, [bitcoin] has fared quite well in October, often following abysmal September performances with meteoric rebounds,” FundStrat wrote. “We think this is useful data for those investors discouraged by recent volatility.”
Historically, equities also produce positive returns in October, albeit vulnerable to volatile swings. November is typically the strongest month for both equities and cryptocurrencies.
Enjoy the video! Stay safe everyone.
THE WALL STREET BULL
Start Investing In Crypto Today Using Coinspot Here In Australia!
Share the love & Get $10 Free BTC! Use my referral code
Click The Link Below
????????????????????
https://www.coinspot.com.au/join/REFM4YF6G
Join today using my referral code anthonyt943 and we can both get a free stock.
Click The Link Below
????????????????????
https://hellostake.com/referral-program?referrer=anthonyt943
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
???? YouTube Tips And Advice ????
TubeBuddy is a browser extension that will help you seamlessly manage and optimize your YouTube channel.
Click The Link For More Information ???????? https://www.tubebuddy.com/wallstreetbull
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???? Track Your Dividends Using This Incredible Tool, Ad-Free Tracking, Analysis Dashboard, Stock Popularity, And Dividend Safety Scores
Click The Link Below
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https://trackyourdividends.com/thewallstreetbull ????
»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»»
Invest in US Stocks and ETFs on Stake ????????????
Join me on the journey to financial freedom ????????????
Essential Books To Read About Investing ????????????????????????????????
1. The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition), Purchase Here ????- https://amzn.to/3qj7hLZ
2. One up on Wall Street: How to Use What You Already Know to Make Money in the Market, Purchase Here ???? https://amzn.to/2XJnYnE
3. The Essays of Warren Buffett: Lessons for Corporate America, Fifth Edition, Purchase Here ???? https://amzn.to/35ZdwwT
4. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class, Purchase Here ???? https://amzn.to/2LzKm07
5. Beating the Street: Purchase Here ???? https://amzn.to/3sqrQb6
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SUBSCRIBE: https://www.youtube.com/channel/UCriVdQCPxjzIhUkF_xHQElA?sub_confirmation=1
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HASHTAGS #ripple #xrp #crypto
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Disclaimers: The above references an opinion and is for entertainment purposes only. I'm not a financial advisor and this is not intended to be investment advice. Seek a duly licensed professional for investment advice. ALSO, Links in the description are typically affiliate links that let you help support the channel at no extra cost.
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