- Bitcoin’s average October return is 21.9%.
- If history repeats itself, the price of BTC can hit $141,000 ATH by the end of October.
- How will Bitcoin react in September, bullish or bearish?
The ongoing crypto bull cycle has been an exciting one so far, and the current state of the market has the crypto community torn between bullish and bearish expectations. Presently, some analysts expect the price of BTC to experience a correction phase before Q4 of 2025 begins. On the other hand, Bitcoin’s average return is 21.9%, if history repeats, BTC can hit $141,000 ATH by the end of October.
Bitcoin’s Average October Return Is 21.9%
Every bull cycle sees a similar pattern led by Bitcoin and then Ethereum. Firstly, Bitcoin goes on to set a string of new ATH targets until Bitcoin Dominance falls and allows altcoins to take the lead, with Ethereum, as the pioneer altcoin asset, usually leading the charge. The bull cycle often ends with a glorious altseason pump phase where the price of altcoins will go on to set a string of new ATH prices, ending with a parabolic memecoin price pump.
A closer look at these bull cycle marks how Bitcoin often experiences a bearish red monthly close in September. More often than not, BTC falls in the month of Septemebr, and this is exactly what a few analysts are expecting now. Some beelive the price of BTC will fall below the $100,000 price range and sink to 5-digit prices as far as $90,000 to close a CME Gap between the $90,000 – $95,000 price range.
On the other hand, some analysts believe that this September may not close in bearish red, as currently, Bitcoin is experiencing its best September performance yet. Instead, these analysts believe this could be one of the few years where September closes green, and in the few instances September has closed in green, the following two months go on to see a highly bullish price pump.
BTC Can Hit $141,000 ATH By October End
Thus, the crypto community is waiting with bated breath to see how the crypto market will respond. Initially, the expected correction was supposed to be triggered by the Fed’s announcement of rate cuts. With this announcement having already been priced in, analysts expected a price decline for crypto. However, the market has yet to see a significant decline, leading analysts to believe a bullish reaction is likelier than a bearish one.
As we can see from the post above, Bitcoin’s average October return is +21.9%. So, if history repeats, we will see $141,000 Bitcoin ATH price by the end of October. This is an outcome that can be expected despite a bullish or bearish reaction from the current market. After all, even those calling for a correction believe the price of BTC will rally soon after the price of BTC closes its CME Gap.
