Bitcoin Could Rebound 21% This Week as October Trends Favor Recovery, Economist Says
Bitcoin could also be primed for a pointy rebound after final week’s steep sell-off, in accordance with economist Timothy Peterson, who believes the world’s largest cryptocurrency might climb as a lot as 21% within the subsequent seven days if October’s historic patterns maintain.
Key Takeaways:
- Economist Timothy Peterson predicts Bitcoin might rebound as much as 21% this week.
- Since 2013, October has averaged 20.1% beneficial properties, making it Bitcoin’s second-best month behind November.
- Despite 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 previously 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 Up to ‘Uptober’ Hype as Bitcoin’s Second-Best Month on Record
October’s popularity as “Uptober” continues to strengthen. Since 2013, it has been Bitcoin’s second-best performing month, delivering a mean 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 imports.
The market has since stabilized, with Bitcoin buying and selling close to $111,700, recovering from an earlier high of $125,100 set on Monday, in accordance with CoinMarketCap.
If Bitcoin mirrors its strongest October rebound, the 21% surge seen in 2019, an identical transfer from Friday’s low would push the worth again to round $124,000, simply shy of its latest report.
Despite 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.”
Meanwhile, Michael van de Poppe, founding father of MN Trading Capital, referred to as the most recent dip “the underside of the present cycle.”
Others have taken a broader view. The Bitcoin Libertarian argued that large 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 a number of years #Bitcoin will crash from $1M to $0.8M in a number of hours and we’ll all be speaking a couple of new report high 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 accordance with dealer Tony “The Bull” Severino, who believes the next 100 days could determine 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, usually a precursor to sharp value strikes in both route.
Severino cautioned that “head fakes,” or false breakouts, are widespread throughout such setups. He famous Bitcoin lately failed to interrupt above the higher band with energy after briefly touching $126,000, suggesting a possible dip earlier than any sustained rally.
Currently, BTC trades round $122,700, hovering beneath its report highs as volatility compresses additional.
While some analysts concern a looming breakdown, others argue that Bitcoin’s cycles are getting longer, hinting at extra room for development.
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