#BTC

Bitcoin is on track to finish October in the red for the first time in seven years, breaking its long-standing winning streak known as "Uptober."
The largest cryptocurrency in the world has fallen by about 3.3% in October and is currently trading around $110,153.
Rare Red October
Since 2019, Bitcoin has recorded consecutive gains in October – a trend that has earned it the nickname "Uptober." Historically, October has been one of the strongest months for Bitcoin, delivering positive returns in 10 of the last 12 years, according to data from CoinGlass. The last negative October performances were in 2014 and 2018.
The reversal this year followed a mid-month sell-off fueled by trade tensions between the US and China and the weak market reaction to the Federal Reserve's rate cut of 0.25%, which failed to improve sentiment. "The crypto market sobered up quite a few traders this month – momentum vanished, confidence was shaken," said trader AAG on X.
November: a signal for recovery or a warning?
Analysts remain divided on whether the weak monthly close indicates a deeper correction or is preparing the ground for a recovery. Crypto Rover warned that the last time Bitcoin ended October in the red, in 2018, its price plummeted by 36% the following month. Others, like Jelle, believe that a red October often precedes a "stronger November rally."
Historically, November is the best month for Bitcoin, with an average increase of 46% over the last decade. The fourth quarter has also been its most profitable period, with an average increase of 78% between October and December. Even during bear markets, Q4 has brought some of the largest movements of Bitcoin – including a rise of 480% in 2017.
If seasonal trends persist, analysts suggest that Bitcoin may regain its momentum in November and potentially head towards $150,000 by the end of 2025, continuing the long-term upward trend despite short-term volatility.