• Bitcoin breaks 7-year “Uptober” streak, closing October down 3.35%, the first red October since 2018.
• Market volatility spikes amid US-China trade tensions and Fed rate cuts failing to boost sentiment.
• Analysts split on November outlook, some foresee a strong rebound, others warn of potential continuation of weakness.

Bitcoin closes the month of October in the red for the first time in the last seven years and breaks the long-standing record of positive “Uptober” performance. The Bitcoin moved down by 3.35% during the current month.

Bitcoin’s “Uptober” Streak Comes to an End

Historically, October has been one of the best months for Bitcoin. Since 2013, the BTC has ended the month strongly positive in all but two years: 2014 and 2018. From 2019 until 2024, the BTC has marked the sixth successive positive October months. Hence, the nickname “Uptober” has been commonly used.

However, this trend seems to come to a close in the year 2025. With only hours left in the month, the price of Bitcoin has still not moved above the initial price due to market sentiment.

“Last day of the month, we need a strong green candle today, or we’ll see our first red October close in seven years,” analyst Jelle posted on X.

“The weakness has been aggravated by the flash crash of the previous week in mid-October due to the brewing US-China trade tariff war fears,” said Choo. Even the latest 25 bps cut in interest rates performed by the Fed had little effect in reviving the bull spirit. “October turned red for the first time in seven years!” exclaimed TraderAAG.

Another analyst, Crypto Damus, described: “This volatility in the previous month wasn’t really normal because the history shows that October has been the second best month for Bitcoin annually.”

What Comes Next for November?

Now that the “Uptober” reign of Bitcoin has been broken, the focus has shifted to the month of November. Historically speaking, November has emerged as the best month for cryptocurrency.

While some believe that the current trough can set the stage for a possible end-of-year rally, “A red October could just be the calm before the explosive November,” as one analyst has described. On the other hand, some believe that the bull market has already shown the first signs of fatigue.

The last time the BTC closed the month of October in the red was during 2018, when the price tumbled another 36% the next month. “Should we be concerned about this scenario as well?” said analyst Crypto Rover.

Analyst Timothy Peterson presented a more technical perspective, stating: “There isn’t a strong correlation between October and the following months. Though the average performance of the following quarter isn’t as strong when October performed badly. On average, the three-month performance of Bitcoin following a bad October has been 11%, as compared to 21% following a positive October.

Also Read | Bitcoin Under Pressure: Long-Term Holders Sell $293 Million Daily as Demand Softens

Historical Trends Still Favor Q4 Gains

Though there has been a setback in October, the fourth quarter has been the most lucrative period for Bitcoin. On average, since 2013, the month of November has shown a 46% rise. The period between October and December has shown a 78% increase.

In the last few years, the price of BTC has shown remarkable volatility as it rose 57% during the fourth quarter of 2023 and 48% during the fourth quarter of 2024. Again, the most prominent price increase happened during 2017 the Even in years when the market experiences a downturn, like 2018, when the market fell 42% or 2022, when the market dropped 15%, the fourth quarter has been a period of significant action. Expect many long-term holders to monitor whether the trend continues for 2025.

If the history of the price of Bitcoin serves as the basis for prediction, the month of November could signal the beginning of the recovery phase. A professional prediction has been made that BTC could hit $150,000 at the end of 2025.

As the month of October comes to a close, the BTC world again stands at a familiar crossroads – uncertain about the immediate future but hopeful that history will once again reward the patient.

Also Read | Ethereum (ETH) Forms Bullish Fractal Similar to 2020; Is $50,000 on the Horizon?