Bitcoin’s October: Will it go UP?! 🚀

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So, CZ-that’s Changpeng Zhao to you, proprietor of a rather large digital exchange-has, with the sort of carefully worded optimism that suggests he’s secretly building a rocket to Mars, hinted at a possible “Uptober” for Bitcoin. Apparently, September was quite pleasant for the cryptocurrency, gaining 5%, which, statistically speaking, is… well, it’s something. 🤷

Binance‘s founder, CZ, has gestured vaguely towards the idea of a Bitcoin rally in October. This is, naturally, based on the cryptocurrency’s deeply mysterious and entirely predictable historical performance. Past performance, as they say, is not indicative of future results, but it’s remarkably useful for writing articles like this one.

History Says October *Might* Be Good. Probably.

CZ, in a moment of almost alarming clarity, pointed out that Bitcoin once went up a lot in 2015-2017. Like, from $228 to over $4,300. A nearly 19-fold jump. Which, let’s be honest, sounds like something you’d find scribbled on the back of a napkin in a slightly disreputable bar, not a sound investment strategy.📈 Trading volume also went up, meaning people were actually *buying* the stuff. Imagine.

This 2017 October event is considered by some to be… significant. CZ mentioned it while subtly hinting at a similar, equally improbable, surge this year. It’s all very cyclical, you see. Like the tea leaves, but with more zeros.

Not predicting the future. And don’t get too excited.

A September in a past (my first) crypto cycle. Just data.

– CZ BNB (@cz_binance)

Of course, CZ hastened to add that he wasn’t *actually* predicting anything. He was merely observing that Bitcoin has a tendency to wander around doing vaguely similar things at vaguely similar times. It’s like a very confused homing pigeon. 🐦 He clarified, with a weary sigh, that it wasn’t a forecast, but a “reflection of the data.” Which is a wonderfully vague statement.

October: Statistically the Second-Best Month to… Exist?

Apparently, October is, on average, one of Bitcoin’s better months – a 21.89% gain, according to the all-knowing Coinglass data. This makes it the *secondbest month, trailing only November. Because, naturally, November is when people start panic-buying things for the holidays. 🎃 Bitcoin has also, rather consistently, finished six consecutive Octobers in the green. Which is good. Presumably.

The ability to repeat gains over multiple years is apparently important for market sentiment. Which is a fancy way of saying that if things go up for a while, people get excited and things keep going up. Groundbreaking stuff, really. 🤯

Momentum & Things That *Might* Happen

Bitcoin’s relatively steady September has fuelled speculation of an even more exciting October. BTC is, at the time of writing, poised to finish the month up 5%. Analysts are, therefore, suggesting that October could continue this upward trajectory. Which is… sensible. Market analysts have also noted a correlation with gold, because apparently shiny things like to hang out together. ✨

GREEN OCTOBER INCOMING

Historically, whenever closed September in green: October always followed in green and outperformed September’s returns.

Will 2025 keep the streak alive?

– Titan of Crypto (@Washigorira)

Beyond just optimistic vibes, a possible Fed rate cut and the somewhat mysteriously named CLARITY Act could also act as catalysts. Combined with all the other data (and a healthy dose of hope), this supposedly makes October a good time for Bitcoin. It’s all terribly complicated. 🤷‍♀️

So, to summarise: Bitcoin had a good September, October is historically a good month, and some stuff *might* happen that could make things even better. Therefore, October should be another strong month for the cryptocurrency. As the market waits with bated breath (and possibly a significant amount of anxiety), all eyes are on Bitcoin to see if it can live up to its “Uptober” reputation. Don’t blame us if it doesn’t. We just write about it.

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2025-10-01 04:37