As the month of October comes to a close, Bitcoin (BTC) is poised to end the month in the red, breaking a six-year streak of gains during this period, often referred to as “Uptober.” This streak, which began in 2019, has seen Bitcoin experience significant increases in value, with October being one of the best months for the cryptocurrency in terms of returns. However, with just hours left until the end of the month, Bitcoin is trading 3.35% lower, indicating a potential shift in the market trend.
Breaking the “Uptober” Streak
Historically, October has been a strong month for Bitcoin, with the cryptocurrency experiencing significant gains during this period. In fact, since 2013, October has produced some of the best monthly returns for Bitcoin, with only two red Octobers in 2014 and 2018. However, the tide appears to be turning in 2025, with Bitcoin’s losses in October compounded by a mid-month flash crash triggered by tariff threats between the U.S. and China, as well as the Federal Reserve’s 25 basis point rate cut, which did little to improve investor sentiment.
Uncertain November?
As Bitcoin prepares to end October in the red, traders are divided over what this means for the cryptocurrency’s future. Some believe that a red October is “just a setup for an even bigger November rally,” while others are more cautious, warning that the Bitcoin bull cycle may be nearing an end. According to analyst Crypto Rover, the last time BTC ended October in the red was in 2018, which was followed by a brutal 36.57% decline in November. However, author and analyst Timothy Peterson notes that Bitcoin’s growth typically slows in the fourth quarter after a weak October, with the 3-month return for Bitcoin after a weak October averaging 11%.
Despite the uncertainty surrounding Bitcoin’s future, November is historically the best month for the cryptocurrency, with an average increase of 46% over 12 years starting in 2013. In fact, the period between October and December is the best quarter for BTC price increases, with average gains of 78%, according to data from CoinGlass. Looking at the last few years, Bitcoin rose about 57% in the fourth quarter of 2023 and about 48% in the fourth quarter of 2024. While some traders are warning of a potential decline, others believe that Bitcoin price action could reverse in November and rise towards $150,000 by the end of 2025.
This article does not contain any investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making their decision. For more information on Bitcoin and the cryptocurrency market, visit https://cointelegraph.com/news/bitcoin-set-for-first-red-october-in-seven-years-what-will-november?utm_source=rss_feed&utm_medium=rss_category_market-analysis&utm_campaign=rss_partner_inbound
