Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #1
Bitcoin tops $87,000, breaking October's negative seasonal pattern
Original: 🚀 # Bitcoin supera los 87.000 dólares y rompe el patrón estacional negativo de octubre: +4% en la semana, 2.390 M$ capta
Bitcoin has climbed above $87,000, gaining about 4% over the week and defying October's historically weak seasonal trend for the cryptocurrency. Traders point to strong inflows into spot ETFs — roughly $2.39 billion captured by the end of September — and a technical floor around $85,000 set by mining costs. Some analysts are now eyeing $100,000 as the next target, though volatility remains a risk.
Why now: Bitcoin breaking its usual weak October pattern and nearing record territory has reignited bullish sentiment among crypto traders and investors.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1121590