October brought high expectations with hopes of rising prices and new records, with Bitcoin reaching a peak of over $126,000. However, this was followed by a significant downturn, particularly on two difficult Fridays, where Bitcoin’s price fell from over $121,000 to below $101,000 before briefly recovering to around $104,000 a week later.

Despite some positive news like lower-than-expected inflation and rate cuts from the US Federal Reserve, Bitcoin closed October, typically a bullish month, slightly lower than anticipated.

Could This Forecast Be Alarming?

With a 3.69% drop in October 2025, Bitcoin ended a six-year series of positive months. Previous October data shows volatility; in contrast, Bitcoin recorded substantial growth during five of these months.

The last notable decline was in October 2018, which saw a drop of 3.83%. Historically, this suggests potential pricing hurdles, with forecasts indicating Bitcoin could drop to $70,000 in November.

“The last time October closed at -3% for $BTC, it was followed by a -36% drop in November.” — 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) on Twitter

What’s Next for Bitcoin?

Historically, November 2018 followed a similar October and saw Bitcoin’s price plunge by 36.57%. The present scenario is different, with Bitcoin now recognized as a key financial asset. However, observing past patterns may be essential as the cryptocurrency community anticipates how markets react after tough months.