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Bitcoin Updates Today: Bitcoin’s October Downturn Sets Stage for a Bullish November Surge

Bitcoin Updates Today: Bitcoin’s October Downturn Sets Stage for a Bullish November Surge

Bitget-RWA2025/11/04 04:58
By:Bitget-RWA

- Bitcoin fell 3.6% in October 2025, its first "red October" since 2018, driven by a $20B liquidation event near its 50-week moving average. - Historical data shows November has delivered gains in 8 of 12 years, with analysts citing technical patterns and macroeconomic easing as bullish catalysts. - Institutional adoption, ETF inflows, and geopolitical easing (e.g., U.S.-China trade truce) reinforce optimism, alongside MicroStrategy's $69B BTC holdings. - Traders anticipate a "Moonvember" rally if Bitcoin

Bitcoin’s First Negative October Since 2018 Fuels Hopes for November Upswing

Bitcoin ended October 2025 down by 3.6%, experiencing its first negative October in seven years and interrupting a prolonged bullish streak, as reported by a

. This drop, which followed a $20 billion liquidation on October 10, was detailed in a , and put Bitcoin’s resilience to the test as it neared its 50-week moving average before recovering above $100,000, according to Coinfomania. Still, analysts suggest this pullback is more about short-term profit-taking than a change in Bitcoin’s long-term outlook, CoinCentral notes.

Bitcoin Updates Today: Bitcoin’s October Downturn Sets Stage for a Bullish November Surge image 0

Past performance indicates November could reverse the recent losses. In the last 12 years,

has seen gains in November eight times, with an average increase of 4.25% and a median of 8.81%, Coinfomania found. Even in less robust years like 2023 (+8.8%) and 2024 (+0.56%), November has typically brought positive returns, CoinCentral reports. This trend has led many traders to expect a bounce, especially if Bitcoin climbs above $105,000—a level viewed as a trigger for a push toward $120,000 by year-end, according to Coinfomania.

Technical signals also support a bullish scenario. Traders referencing Coinfomania point to a “Change of Character” (CHoCH) pattern near $100,000 on the four-hour chart, indicating a possible momentum shift. The Crypto Fear and Greed Index, which dropped into “fear” territory during October’s decline, is already showing early signs of improvement, CoinCentral observes. Broader economic factors are also supportive, as ongoing monetary and quantitative easing continue to foster a “risk-on” climate for digital assets, Coinfomania notes.

This October downturn has drawn parallels to 2018, when a similar drop led to a lengthy consolidation before the 2020–2021 bull market, as mentioned in a

. Unlike 2018, however, today’s market features stronger institutional involvement and ETF inflows, according to a . For example, Michael Saylor’s MicroStrategy has continued to accumulate Bitcoin, recently increasing its holdings to 641,205 BTC worth $69 billion, per a . Saylor’s recent hints on social media about further acquisitions have further boosted market sentiment, Bitcoinsistemi adds.

Global politics are also influencing the market. A tentative agreement between the U.S. and China—reducing tariffs on key materials and resuming rare earth exports—has eased trade tensions, according to a

. While investors remain wary about how long this truce will last, the easing of geopolitical risks has helped stabilize markets, with Bitcoin maintaining levels above $110,000, Bitrue notes.

Despite October’s setback, the overall crypto sector remains optimistic. More than $2.1 billion in tokens are set to unlock in November, and upcoming crypto events, ETF launches, and global adoption trends are expected to provide further momentum, according to a

. Major institutional investors like BlackRock and governments such as the U.S. and China continue to hold substantial Bitcoin reserves, underscoring confidence in Bitcoin’s value proposition, Crypto.ro adds.

With November’s historical strength and supportive macro conditions, traders are preparing for a possible “Moonvember” rally. Should Bitcoin remain above $105,000, a year-end surge could be on the horizon, reinforcing the belief that a red October often sets the stage for a green November.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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