It may be too early to judge Bitcoin’s performance for the rest of October as investors are "largely reactionary to macro events," says a crypto analyst.
Bitcoin (BTC) may not be performing as predicted for the start of October, but it may be premature for analysts to call where the remainder of the month is headed as investors are laser-focused on broader economy events, according to a crypto analyst.
“It might be too early to judge the trend for the rest of the month as most investors are largely reactionary to macro events,” Bitget chief crypto analyst Ryan Lee opined in an Oct. 2 report viewed by Cointelegraph.
Bitcoin is down 5.76% since Sept. 27. Source: TradingView
