Will Bitcoin Price Recover This October?

After two consecutive months of declines, the Bitcoin experts are hoping that the virtual currency will gain its form in October.

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October tends to be positive month for both Bitcoin and Ether and it would be reprieve for investors after down September.

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The virtual currency will rise roughly by 25% in October, according to Bespoke Investment Group.

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The crypto tracker predicted that bitcoin could increase by 48% in best case, 26% in normal case while it could decrease by 36% in worst case.

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Bitcoin started performing well in October and added as much as 1.3% to $19,492 on Monday.

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Its share of total crypto market share has risen to 48%, the highest since mid-2017.

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Bitcoin lost nearly 4% in September after dropping 15% the month prior.

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