@IgorBelykh 23 October 2022 more from that month

Will the “Halloween effect” work this year, should we expect BTC to grow ? With the most frightening holiday of the year approaching, there is another factor to consider when investing during this period - the “Halloween effect”. This is a popular sign among traders that suggests that from the end of October to the end of May, bitcoin and the stock market, as a rule, show strong results. Over the past three Halloweens, the price of BTC has only risen year-on-year. However, with bitcoin currently trading just above the $19,000 mark, it would be too reckless to suggest that the digital asset could see growth for the fourth year in a row. However, stranger things happen in the world. Notably, according to estimates from 28,488 members of the CoinMarketCap community, the average implied price of BTCon Halloween Day in 2022 will be $21,248, which is significantly higher than the current price, but 65.17% lower than on the same day last year. On October 31, 2021, Bitcoin was trading at $61,300 with a market capitalization of $1.156 trillion, which is 344.39% higher than the price of BTC on Halloween 2020 of $13,794 For example, on October 31, 2017, the price of Bitcoin was $6,468, and a total market capitalization of $107.7 billion. This suggests that, despite the not-so-optimistic forecast for the current year, there has been a significant increase in the adoption of the digital asset and cryptocurrencies in general during this time. After October 31, 2017, there was a real boom in the cryptocurrency market, and in December the price of bitcoin reached an all-time high of $ 20,000, then there was a sharp pullback. However, from Halloween 2017 to May 1, 2018, the BTC price rose by almost 52%. Such an unusual belief, also known as the “Halloween Strategy” or “Halloween Indicator”, may well lead to the fact that after October 31 this year, the price of bitcoin will begin to rise and continue to do so throughout the fourth quarter. However, this is likely to depend on fundamental factors and market sentiment, and not on special holiday magic. Current Data Shows Investors Are Withdrawing BTC from crypto exchanges, reducing the likelihood of a future sell-off. On October 18 alone, exchanges recorded an outflow of 40,572 BTC , which is the largest daily volume of bitcoin leaving trading platforms in the last four months. This data likely suggests that prices could stabilize around $19,000 this Halloween, especially with Bitcoin volatility now considered by many to be close to all-time lows. Despite the fact that this time the price of bitcoin may not rise, as it did in 2021, Finbold’s latest research showed that by the summer of 2022, 18% of Americans had already invested in certain cryptocurrencies, which is 125% more than 8% in the summer 2020. If growth continues at this pace, the price of BTCOctober 31 next year could be a little less intimidating. Let's see what happens © CryptoGuru