The ‘Uptober’ Effect: Why Analysts Are Bullish on Bitcoin’s Price in October

Bitcoin (BTC) is on track for a third consecutive “green” September a trend that has historically set the stage for a “double-digit” October ￰0￱ gains for the month currently hovering around 8% analysts are watching to see if this pattern dubbed “Uptober”

will repeat ￰1￱ Out for the Double-digit October Analysts are watching BTC closely this month noting that in past years every September with an upward trend has been followed by double-digit gains in ￰2￱ example in 2024

the asset recorded a +7.29% increase in September which was followed by a +10.76% rise the next ￰3￱ 2023 it gained +3.91% during the same period and was followed by a +28.52% jump in October as shown below: BTCUSD monthly returns.