October has traditionally been a pivotal moment for Bitcoin’s price action. Historical data shows an enticing average price increase of 17% for the month (excluding the early, volatile years of Bitcoin). In pre-halving years, this average price fluctuation is slightly higher, around 21%. If the same price change occurs in 2023, Bitcoin could reach somewhere between $32,000 and $33,000 in October. But will this month follow the historical trend, or is a bearish turn still possible? Related Reading: Bitcoin Price To Reach $170,000 in 2025 – Mathematical Model Predicts October Over Time October has been particularly bullish for Bitcoin, with an average of 17% of price increases over the years. Since 2023 is a pre-halving year, comparisons with other pre-halving years are particularly insightful. In the pre-halving years of 2019 and 2015, the average price increase was 20%. Bitcoin monthly returns over the years. Source: intothecryptoverse In 13 years of Bitcoin price action, 9 have seen increases during October. This makes another bullish October seem quite likely. Interestingly, September, known for its bearish tendencies, has broken its pattern this year, with Bitcoin’s price seeing a 5% increase. This is the fir ..
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