Bitcoin is adding 1.0% to $27,400 per coin since the beginning of the week. Prices rolled back a little as they were rising by 5.3% to $28,598 per coin. This upside could be associated with a seasonal factor as October is usually a good season for Bitcoin to go north.
Coin prices deteriorated in October only in 2018 and 2019 when the S&P 500 broad market index was going down. Otherwise, Bitcoin prices were rallying during the month of October since 2013. So, crypto enthusiasts believe that October is a lucky month for the crypto industry.