Analyst: Bitcoin may bottom out in October and can be invested in the $48,000-$620,000 range

Comparing news, crypto analyst Ali Charts wrote that according to Bitcoin's four-year cycle, it is expected that BTC will hit the bottom of the current round of the market between October 6 and 16.

He believes that investors should develop fixed investment strategies in the range of $62,000 to $48,000 to accumulate Bitcoin in batches before the final capitulation phase of decline arrives.

It judged that the current bear market was nearing its end, and said that now is the time to begin to turn bullish.