Top Analysts Predict Massive Bitcoin Price Rally This ‘Uptober’: Is $150,000 Within Reach?

As the Bitcoin price approaches record highs, recently surpassing the $121,000 mark, analysts are increasingly optimistic about the cryptocurrency’s trajectory for October, often termed “Uptober.” According to the analysis team at The Bull Theory, there’s a possibility that the Bitcoin price could reach as much as $143,000, meaning a potential surge of nearly 20% for the rest of the ￰0￱ Price Poised For October Rally Such projections may seem ambitious, but historical data supports the notion that October has consistently been one of Bitcoin’s strongest ￰1￱ the past 12 years, BTC has closed in the green during October in 10 of those years, and the correlation between strong performances in September and October is ￰2￱ a positive September—where the Bitcoin price recently posted a gain of 3.91%—the stage appears set for another fruitful ￰3￱ has an impressive October win rate of 83%, having only recorded losses in the month twice since ￰4￱ Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 In 2014, the cryptocurrency fell by 12.95%, and in 2018, it dropped by 3.83%.

This remarkable track record highlights October as one of the most profitable months for Bitcoin holders, with an average return of 20.62%. The pattern remains consistent: every time September has closed positively, October has followed ￰5￱ data from previous years shows that a green September often leads to substantial gains in ￰6￱ instance, in 2015, the Bitcoin price rose by 33.49% after a September increase of 2.35%. Similarly, in 2023, a 3.91% gain in September translated to a substantial 28.52% increase in ￰7￱ BTC Reach $150,000? The bullish sentiment doesn’t end ￰8￱ four out of four instances where both September and October closed positively, November also maintained the upward ￰9￱ data showcases consistent gains: in 2015, November saw a 19.27% increase following a strong ￰10￱ Bitcoin were to replicate its historical average return of 20.62% this October, a price point around $143,539 could be on the ￰11￱ if it aligns with the median return of 14.71%, investors could see new records reaching just above $136,000.

Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Market expert Michael van de Poppe has also chimed in on the bullish outlook for the Bitcoin ￰12￱ noted several strong technical indicators, including BTC’s ability to hold the 20-week moving average as support, breaking through a downtrend at $112,000, and positioning for the highest weekly close in its ￰13￱ performance has seen a robust 11% weekly candle, further fueling optimism. Additionally, with gold experiencing a significant run, the expert suggests that the Bitcoin price appears poised to catch ￰14￱ de Poppe has expressed confidence that, if current trends continue, the market’s leading cryptocurrency could not only hit $150,000 this quarter but also achieve a new all-time high within the ￰15￱ writing, BTC trades at approximately $121,669, only 2% below all-time high levels above $124,000.

Featured image from DALL-E, chart from ￰16￱