The crypto neighborhood has lengthy referred to October as Uptober, a nickname earned by Bitcoin’s constant historical past of robust month-to-month performances. The development has been so dependable that the month grew to become synonymous with value surges.
Bitcoin has all the time closed October in revenue over the earlier seven years, a report streak unmatched by some other month in its historical past. Nevertheless, October 2025 seems to be difficult that popularity. Because the month attracts to an finish, Bitcoin is roughly 4% beneath its month-to-month open, and October would possibly lastly finish in pink territory for the primary time since 2018.
Bitcoin May Shut October In Purple
Bitcoin’s value opened October at $114,079, and its sentiment was overwhelmingly bullish in the beginning of the month, carrying over a constructive 5% month-to-month shut in September. This bullish sentiment noticed the main cryptocurrency break above $126,000 for the primary time earlier than lastly setting a brand new all-time excessive of $126,080 on October 6. The transfer strengthened hopes that Uptober would reside as much as its identify as soon as once more.
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Nevertheless, the bullish momentum cooled off quickly, with Bitcoin slipping beneath $120,000 in a short time. By the center of the month, Bitcoin witnessed a flash crash that brought on its value to fall as little as $101,000 in a fast transfer. Because it stands, Bitcoin is now consolidating close to $110,000 by late October, and it might probably solely register a month-to-month shut above this stage.
The final time Bitcoin closed October within the pink was in 2018, when it closed at $6,303, which is about 4% beneath its October open of $6,958. That 12 months was through the top of a protracted bear cycle, when the crypto market was struggling to get better from the huge 2017 rally. Bitcoin’s value had already suffered consecutive down months, and October’s decline was adopted by an much more brutal 36.4% crash in November, the steepest month-to-month loss within the cryptocurrency’s historical past.
Might November Be Completely different This Time?
The query now’s whether or not Bitcoin would possibly repeat this downtrend in November 2025. If historical past had been to repeat itself, prefer it all the time does within the crypto market, a detrimental October shut might precede one other correction in November. Nevertheless, the reply won’t be as simple.
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In contrast to in 2018, Bitcoin’s present market construction is supported by a number of bullish fundamentals. Institutional curiosity by Spot Bitcoin ETFs, change outflows, and on-chain knowledge reveals that long-term holders will not be promoting aggressively. Whilst the value is consolidating round $110,000, volatility is decrease than throughout earlier market tops, and this means a section of cooling earlier than one other breakout.
Even when the month closes in pink, the general bullish trajectory of Bitcoin is undamaged. Bitcoin continues to carry its dominance and appeal to capital inflows. The one positive method Bitcoin would possibly finish November 2025 in pink is that if Spot Bitcoin ETFs carry out very poorly all through the month.
On the time of writing, Bitcoin is buying and selling at $109,700.
Featured picture from Pixabay, chart from Tradingview.com
