Bitcoin has dipped 2% in the current month, which seems modest. However, historically, losses in October have been uncommon, with only two prior occurrences since 2013. The first was in 2014, where it fell by 13%, and the second in 2018 when it lost 3.8%, both during bear markets. Notably, August tends to be Bitcoin’s worst month, while October and February are generally the most favorable.

This October marks the third instance in six years that BTC has shown negative trends halfway through the month, noted market analyst Joe Consorti. Interestingly, all previous occasions concluded on a positive note by the end of October. “There’s some hopium for you,” he added.

“This is the 3rd time that BTC has been negative halfway through October in the last 6 years.” Joe Consorti ⚡️ (@JoeConsorti) October 15, 2025

October’s Gloom Deepens

On Wednesday, BTC hit a low of $110,500 before making a slight recovery to approximately $111,000 the following morning. It has now fallen 12% from its peak and 9% in the last week as losses continue.

Chart expert Bach stated that there are no warning signs on the “Boombust framework,” indicating that Bitcoin has not yet reached a parabolic stage. He remains optimistic, projecting a target of $150,000 by the year’s end.

Crypto litigator Joe Carlasare speculated that the current cycle could extend into the following year, commenting:

“This narrative about 4 4-year cycle/Q4/Uptober caused excessive long positioning, and the market almost never lets everyone win.”

Analyst ‘Tracer’ pointed out that previous bull markets often experienced significant declines before rallying, suggesting that more challenges may lie ahead.

Market Sentiment

Mr. Anderson, a crypto trader, questioned the recent negative sentiment:

“You’ve got a three-year staircase up. You’ve got price up ~115% since last September, adding over $1 trillion in market cap. And the timeline still sounds like a funeral.”

Despite Bitcoin’s sustained performance above $100,000 for over 160 days, he argued that this range could be the launching pad for further increases.

In summary, while October appears to be a challenging month for Bitcoin, historical patterns and expert analyses suggest that a rebound may still be on the horizon as optimism prevails in the crypto market.