Key dates for Bitcoin in October: what you need to watch out for

October could be a decisive month for Bitcoin (BTC). There are seven strategic days that could trigger unexpected price movements.

This month, investors and crypto enthusiasts will be focusing on macroeconomic indicators in the US and Europe, as well as potential regulatory decisions related to cryptocurrency ETFs.

Historically, October tends to be favorable for BTC. In fact, it has shown positive returns on average, according to data from specialized platforms.

Two dates in particular could set the course for the market:

• October 15: Publication of US inflation data — depending on whether the data surprises above or below expectations, it could influence monetary policy decisions.

• October 29: The Federal Reserve (FED) is expected to announce whether it will continue to cut interest rates, which could have a direct impact on sentiment toward risk assets such as Bitcoin.

On-chain analysts have pointed out that the steady inflow of capital into BTC and progressive accumulation could act as catalysts for a possible upward momentum during the fourth quarter of the year.

In summary: October is not just any month for Bitcoin. With important economic news and monetary policy decisions on the horizon, the market could move significantly. Stay alert and make informed decisions.