Bitcoin has experienced a decline of over 6% since the beginning of October, according to recent data. Interestingly, October has historically been a strong month for Bitcoin, with only two instances of negative returns since 2013. During this month, Bitcoin has seen gains as high as 60%, with an average increase of 22%, making it one of the best months for investor returns.
This recent dip in Bitcoin’s price has resulted in a decrease in social sentiment surrounding the cryptocurrency. Some users are expressing bearish views on the possibility of a price recovery in the near future.
