#Btcpriceanalysis HOT MOMENTS: Expert Analyst Explained What Happened to Bitcoin After Historical Plummets in Previous October!

Cryptocurrency analyst Timothy Peterson explained what happened in previous years after the last major plummet.

The announcement of a 100% tariff on China by U.S. President Donald Trump has severely shaken the cryptocurrency market along with global markets. While the price of Bitcoin plummeted to as low as $102,000 in a short time, the perception that "October is usually a bullish month" created great confusion among investors.

Crypto analyst Timothy Peterson noted that this plummet is a historically rare event and shared a striking analysis. According to Peterson, declines of over 5% in October have occurred only four times in the last 10 years.

October 24, 2017
October 11, 2018
October 23, 2019
October 21, 2021

Peterson shared how the price of Bitcoin fluctuated 7 days after these dates:

2017: %16 increase
2018: %4 increase
2019: %21 increase
2021: %3 plummet
This data historically shared by Ekim Peterson shows how the Bitcoin price moved 7 days after these dates:

2017: %16 increase
2018: %4 increase
2019: 21% increase
2021: %3 get dumped
These data indicate that historically, after severe plummets experienced in October, there have generally been short-term recoveries. However, analysts warn that Trump's trade policies may have a different impact on the market this time compared to previous years. It indicates that there have been short-term recoveries. However, analysts warn that Trump's trade policies may have a different impact on the market this time compared to previous years.
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