Cryptocurrency analyst Rekt Capital pointed out that Bitcoin (BTC) usually performs very strongly in October.
Data shows that Bitcoin only experienced a decline in October 2014 and 2018, both of which were bear market years. Currently, the market is in a Bitcoin halving cycle year. Historically, Bitcoin has only seen single-digit increases in October 2018 (also a bear market year). Apart from this, October usually brings double-digit increases with an average increase of 22%.