Bitcoin Faces First Red October in 7 Years — What’s Next?

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“Uptober” has turned into a red month for Bitcoin, with Fed rate cut hopes and easing US-China trade tensions doing little to uphold BTC prices.

Bitcoin is set to end October in the red, breaking a six-year “Uptober” streak.

Traders are divided, with some fearing a significant correction ahead, while others still anticipate new highs in Q4.

Bitcoin is set to end October in the red for the first time in seven years, with traders divided over whether BTC will continue the downtrend going into November. 

Bitcoin snaps “Uptober” streak
After six straight years of “Uptober” gains, Bitcoin is set to break the streak this year. 

October is often referred to by that fond nickname because it has delivered some of the best monthly returns for Bitcoin across the past decade, since 2013, with only two red Octobers, in 2014 and 2018. 

That record was bolstered by six consecutive years of gains from 2019 to 2024.


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