Bitcoin October Rebound Signal

An economic expert explained that when bitcoin experiences a drop greater than five percent during October, such an event is highly unusual and has occurred only a handful of times over the last ten years. Historically, when bitcoin faced these rare downturns in October, the digital asset frequently recovered within the week that followed. The economist emphasized that bitcoin has shown a consistent ability to bounce back quickly during this specific month.

He pointed out that in 2017, 2018, 2019, and 2021, bitcoin experienced declines exceeding five percent in October. After the fall in 2017, bitcoin moved upward by sixteen percent within the following week. In 2018, bitcoin gained four percent after the decline. In 2019, bitcoin surged by twenty-one percent, which was its most powerful rebound during October in that period. The only year when bitcoin did not recover was 2021, when it continued to fall an additional three percent.

October has developed a reputation for providing strong performance for bitcoin, and some investors even refer to the month as “Uptober.” Since 2013, the average return for bitcoin in October has been slightly above twenty percent, making it the second-strongest month for bitcoin after November, which has historically shown even larger returns. Many observers of bitcoin trends believe that these patterns could potentially repeat again.

Recently, after bitcoin dropped to around one hundred two thousand dollars following the announcement of major tariffs on China by the United States president, the price of bitcoin began to show early signs of recovery. Shortly before that, bitcoin had reached a new record high near one hundred twenty-five thousand dollars. At the time the economist made his comments, bitcoin was already trading above one hundred eleven thousand dollars, and there was renewed optimism among bitcoin supporters.

If the strongest historical rebound repeats, similar to the twenty-one percent jump that occurred in 2019, bitcoin could approach or slightly trail its latest all-time high within a week. Advocates of bitcoin have stressed that October still has plenty of time remaining for movement, and some analysts argue that the current phase may represent the bottom of the ongoing cycle. Others who follow bitcoin trends maintain that even large crashes in previous cycles have eventually led to higher milestones.

One commentator claimed that future moments might involve bitcoin decreasing from one million dollars to eight hundred thousand dollars in only a few hours, and the discussion afterward would revolve around record levels of liquidations. He expressed a belief that history with bitcoin may repeat, and strong rebounds could occur again.