The crypto group has lengthy referred to October as Uptober, a nickname earned via Bitcoin’s constant historical past of robust month-to-month performances. The development has been so dependable that the month turned synonymous with worth surges.
Bitcoin has at all times closed October in revenue over the earlier seven years, a file streak unmatched by every other month in its historical past. Nevertheless, October 2025 seems to be difficult that status. Because the month attracts to an finish, Bitcoin is roughly 4% under its month-to-month open, and October may lastly finish in purple territory for the primary time since 2018.
Bitcoin May Shut October In Pink
Bitcoin’s worth opened October at $114,079, and its sentiment was overwhelmingly bullish at first of the month, carrying over a optimistic 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 dwell as much as its identify as soon as once more.
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Nevertheless, the bullish momentum cooled off quickly, with Bitcoin slipping under $120,000 in a short time. By the center of the month, Bitcoin witnessed a flash crash that brought about its worth 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 may possibly solely register a month-to-month shut above this degree.
The final time Bitcoin closed October within the purple was in 2018, when it closed at $6,303, which is about 4% under its October open of $6,958. That 12 months was in the course of the top of a chronic bear cycle, when the crypto market was struggling to get better from the huge 2017 rally. Bitcoin’s worth 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 Totally different This Time?
The query now could be whether or not Bitcoin may repeat this downtrend in November 2025. If historical past have been to repeat itself, prefer it at all times does within the crypto market, a unfavourable October shut may precede one other correction in November. Nevertheless, the reply won’t be as simple.
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Not like in 2018, Bitcoin’s present market construction is supported by a number of bullish fundamentals. Institutional curiosity via Spot Bitcoin ETFs, change outflows, and on-chain information exhibits that long-term holders usually are not promoting aggressively. Whilst the value is consolidating round $110,000, volatility is decrease than throughout earlier market tops, and this means a part of cooling earlier than one other breakout.
Even when the month closes in purple, the general bullish trajectory of Bitcoin is undamaged. Bitcoin continues to carry its dominance and appeal to capital inflows. The one positive method Bitcoin may finish November 2025 in purple 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
