Frank Cappelleri: Bitcoin May Wait for “Uptober 2025”
Bitcoin could rise to new highs in the fourth quarter as the rally gains momentum, Frank Cappelleri, president and founder of analytics firm CappThesis, told CNBC.
On the CNBC Market Alert podcast, Cappelleri commented on the possible reasons behind Bitcoin's new growth cycle. He noted that while the gold market is poised for consolidation, Bitcoin is demonstrating strong bullish momentum.
The founder of CappThesis emphasized that amid gold's sideways price movement, Bitcoin's potential as an alternative asset is increasing, as the market is developing objective conditions for capital redistribution in favor of the leading cryptocurrency. Furthermore, the seasonality of the fourth quarter and the associated “Uptober” effect will likely lead to even greater growth by the end of the year.
“Bitcoin traditionally shows positive dynamics in the fourth quarter, especially in October, which could impact its price in the coming months. If historical patterns play out, as they have in the past, we could see an upward rally in Bitcoin,” Cappelleri stated.
The head of the analytical company noted that the temporary suspension of US government funding could also prompt investors to seek a “safe haven in the face of uncertainty.”
According to TradingView, Bitcoin's price has risen more than 11% on a weekly timeframe to $122,462. Moreover, over the past 24 hours, net inflows into Bitcoin ETFs exceeded $985 million, and the total market capitalization of the world's leading cryptocurrency reached $2.43 trillion.
Earlier, Jan3 founder Samson Mow stated that many countries are gradually overcoming their skepticism about cryptocurrencies and are already developing strategies for implementing Bitcoin.
Source: cryptonews.net
