October to December has always been the strongest period for market performance, and the six-month consolidation phase may come to an end. BTC is very likely to rebound at the end of the year, bringing surprises to many market participants.

Although BTC has been in a consolidation phase since reaching a historic high in March 2024, the year-to-date return has also reached +49%, which is comparable to the predicted +47% return based on historical data. Based on Bitcoin's performance over the past decade, if this historical trend continues, a significant rebound in October is very likely.

Fed rate cuts boost market sentiment, preventing sustained weakness in the labor market

The Fed recently announced a 50 basis point rate cut. Chairman Powell stated to the financial markets that the decision was made because the Fed is confident that inflation will fall to the 2% target level. At the same time, the rate cut is also a preventive measure to avoid sustained weakness in the labor market. Powell emphasized that the overall performance of the U.S. economy is good, and his relatively hawkish remarks have eased the concerns of many investors. Although the uncertainty of the U.S. election still exists, the Fed's actions have successfully maintained market momentum.

As cryptocurrencies approach the tipping point of large-scale technical adoption, the fate of BTC may undergo a turning point in 2025. For all participants in the cryptocurrency field, the coming weeks and months will be an exciting period of change.

Historical data shows strong year-end performance of cryptocurrencies, worth looking forward to

Historical data shows that from October to March, the market performance generally experiences a significant increase, with an average return of +40% over the past decade, while the average return from April to September is only +27%. Similar cyclical performance was also observed in 2023 and 2024. October's performance is the strongest, with an average return of +20%, and in eight of the past ten years, the return rate has been positive.

ETH miner fees show a slight rebound, signaling the possible end of the summer consolidation

ETH miner fees have shown a slight rebound, indicating that the summer consolidation phase of cryptocurrencies may come to an end. Whether the rebound will continue requires a more detailed and rigorous analysis of ETH revenue and miner fee trends. Close attention to these indicators can provide a deeper understanding of whether the recent rebound is sustainable. If it is not sustainable, it indicates that there may be new changes in the logic of market activity.

The above views are from Matrix on Target, contact us to obtain the complete report from Matrix on Target.

Disclaimer: The market is risky, and investment should be cautious. This article does not constitute investment advice. Digital asset trading may involve significant risks and instability. Investment decisions should be made after careful consideration of individual circumstances and consultation with financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

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