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Will Bitcoin ‘Uptober’ bring gains for MKR, AAVE, RUNE and INJ? By Cointelegraph


© Reuters.

After rising about 80% in the first two quarters of 2023, (BTC) fell roughly 11% in the third quarter ending September. However, there is a silver lining for the bulls because they managed a positive monthly close in September, the first since 2016.

Buyers will try to build upon this momentum in October, which has a bullish track record. According to CoinGlass data, only 2014 and 2018 have produced negative monthly returns since 2013 in October. There is no guarantee that history will repeat itself but the data can be used as a good starting point to formulate strategies by traders.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
MKR/USDT daily chart. Source: TradingView
MKR/USDT 4-hour chart. Source: TradingView
AAVE/USDT daily chart. Source: TradingView
AAVE/USDT 4-hour chart. Source: TradingView
RUNE/USDT daily chart. Source: TradingView
RUNE/USDT 4-hour chart. Source: TradingView
INJ/USDT daily chart. Source: TradingView
INJ/USDT 4-hour chart. Source: TradingView