Bitcoin could also be primed for a pointy rebound after final week’s steep sell-off, in response to economist Timothy Peterson, who believes the world’s largest cryptocurrency may climb as a lot as 21% within the subsequent seven days if October’s historic patterns maintain.
Key Takeaways:
- Economist Timothy Peterson predicts Bitcoin may rebound as much as 21% this week.
- Since 2013, October has averaged 20.1% positive aspects, making it Bitcoin’s second-best month behind November.
- Regardless of a short plunge to $102,000 after Trump’s tariff announcement, analysts stay bullish.
“Drops of greater than 5% in October are exceedingly uncommon,” Peterson wrote on X Friday, noting it has solely occurred 4 occasions up to now decade, in 2017, 2018, 2019, and 2021.
In three of these years, Bitcoin rallied instantly afterward, gaining 16%, 4%, and 21%, respectively, whereas solely 2021 noticed a minor decline of three%.
October Lives As much as ‘Uptober’ Hype as Bitcoin’s Second-Greatest Month on File
October’s fame as “Uptober” continues to strengthen. Since 2013, it has been Bitcoin’s second-best performing month, delivering a median return of 20.1%, behind solely November’s 46% common.
Peterson’s feedback adopted a dramatic market correction on Friday when Bitcoin briefly dipped beneath $102,000 after US President Donald Trump confirmed plans for a 100% tariff on Chinese language imports.
The market has since stabilized, with Bitcoin buying and selling close to $111,700, recovering from an earlier excessive of $125,100 set on Monday, in response to CoinMarketCap.
Drops of greater than 5% in October are exceedingly uncommon. This has occurred solely 4 occasions up to now 10 years.
Oct 24 2017
Oct 11 2018
Oct 23 2019
Oct 21 2021
What occurred subsequent? 7 days later bitcoin was
2017: up 16%
2018: up 4%
2019: up 21%
2021: down -3% pic.twitter.com/mbFs19RbwL— Timothy Peterson (@nsquaredvalue) October 10, 2025
If Bitcoin mirrors its strongest October rebound, the 21% surge seen in 2019, an analogous transfer from Friday’s low would push the worth again to round $124,000, simply shy of its latest report.
Regardless of final week’s turbulence, many Bitcoin advocates stay bullish. Samson Mow, founding father of Jan3, reminded merchants that “there are nonetheless 21 days left in Uptober.”
In the meantime, Michael van de Poppe, founding father of MN Buying and selling Capital, referred to as the newest dip “the underside of the present cycle.”
Others have taken a broader view. The Bitcoin Libertarian argued that huge liquidation occasions are a part of the asset’s pure evolution, predicting that even when Bitcoin trades close to $1 million, comparable volatility will persist.
In just a few years #Bitcoin will crash from $1M to $0.8M in just a few hours and we’ll all be speaking a few new report excessive quantity of liquidations
Let historical past repeat— The ₿itcoin
Libertarian (@TheBitcoin__) October 11, 2025
Analyst Warns Bitcoin Faces Decisive 100-Day Window
Bitcoin could also be nearing a crucial turning level, in response to dealer Tony “The Bull” Severino, who believes the subsequent 100 days may decide whether or not the cryptocurrency enters a parabolic rally or ends its present bull cycle.
Severino pointed to the Bollinger Bands indicator on Bitcoin’s weekly chart, which has tightened to ranges unseen earlier than, typically a precursor to sharp value strikes in both path.
Severino cautioned that “head fakes,” or false breakouts, are widespread throughout such setups. He famous Bitcoin just lately failed to interrupt above the higher band with energy after briefly touching $126,000, suggesting a possible dip earlier than any sustained rally.
Presently, BTC trades round $122,700, hovering beneath its report highs as volatility compresses additional.
Whereas some analysts worry a looming breakdown, others argue that Bitcoin’s cycles are getting longer, hinting at extra room for progress.
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