The reaction of today

$Bitcoin (BTC.CC)$ To tell the truth, for days the hypothesis has been circulating that September 18 was not the right day for a reaction in the price of Bitcoin, but today, that is, the 19th.

The markets indeed follow cycles that are due both to their inevitable seasonality and to human behavior, which in many cases is influenced, for example, by the climate.

In fact, September is often a difficult month, because for reasons related to market seasonality it tends to be a month with low liquidity in the markets.

Instead, on the contrary, October often turns out to be a positive month, so much so that it is sometimes nicknamed “uptober”.

The markets know these dynamics very well, as they have been ongoing for decades, and always try to anticipate them. So it is not at all strange that with the approach of October, the buying pressure, especially on risk-on assets, tends to rise a bit.

Furthermore, the markets also know very well that in all three previous cases after the presidential elections in the USA, the price of Bitcoin entered a bullrun lasting about 12 months, also thanks to the halving that always occurred in the same years as the elections (2012, 2016, and 2020).

Given that this year there was also a halving, and since the elections in the USA will be held on November 5th, many are convinced that history could repeat itself. There are no certainties, of course, but the probabilities seem good, at least in theory.