Will Bitcoin “Uptober” bring gains for MKR, AAVE, RUNE and INJ?

Bitcoin tends has rally In October, maybe opening THE door For MKR, AAVE, RUNE, INJ And other altcoins.

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After rising about 80% In THE First of all two quarters of 2023, Bitcoin (BTC) fell roughly 11% In THE third quarter END September. However, there East A money trim For THE bulls because they managed A positive monthly close In September, THE First of all Since 2016.

Buyers will to try has build on This momentum In October, which has A bullish track save. According to has CoinGlass data, only 2014 And 2018 to have product negative monthly Back Since 2013 In October. There East No guarantee that history will repeat himself but THE data can be used as A GOOD departure indicate has formulate strategies by traders.

Cryptocurrency walk data every day see. Source: Coin360

THE recent strength In Bitcoin has Also boosted interest In altcoins. Select altcoins are trying has to break above their respective air resistance levels, indicating THE to start of A robust recovery. THE bullish momentum could take up further if Bitcoin extends It is relief rally has $28,000.

Not all altcoins are expected has blast disabled has THE Upside down. THE cryptocurrencies that are showing strength are THE those that can lead THE recovery upper. Let's go study THE graphics of THE Top 5 cryptocurrencies that could surpass In THE close term.

Bitcoin price analysis

Bitcoin has has been trade above THE moving averages Since Sep. 28, which East A positive sign. This watch that THE advantage East gradually tilt In service of THE buyers.

BTC/USDT every day chart. Source: