SynFutures: BTC is expected to reach 47,000 USDT by the end of the month

Odaily News Rachel Lin, co-founder of decentralized derivatives protocol SynFutures, said that BTC is expected to reach 47,000 USDT by the end of the month. Rachel Lin said: “Last week the ‘Uptober’ argument for October was confirmed, with BTC up nearly 29%. What’s even more interesting is that when we look back at historical data, November tends to be better than October, with BTC’s average return More than 35%. If similar returns are achieved in November this year, we could see BTC reaching around $47,000.” Rachel Lin pointed out: “Of particular note is the surge in spot trading volume, and the increase in block trades exceeding $100,000. The significant increase is a clear sign of increased institutional interest as large players appear to be consolidating their positions in digital assets, particularly Bitcoin.” (The Block)