Bitcoin Could Rebound 21% This Week if October Trends Hold

[nihalsari]

Economist Timothy Peterson suggests Bitcoin may recover as much as 21% over the next seven days, citing October’s historically strong performance. “Drops of more than 5% in October are exceedingly rare. This has happened only four times in the past 10 years,” Peterson wrote on X.

In 2017, 2018, and 2019, Bitcoin rebounded between 4% and 21% following such declines. The only exception was 2021. With Bitcoin already bouncing from Friday’s $102,000 low to around $111,700, history suggests a potential rally toward $124,000.

October — often dubbed “Uptober” — has averaged 20% monthly returns since 2013, according to CoinGlass.

[jacson4]

A 21% weekly rebound sounds aggressive, but BTC has done it before during ‘Uptober’. Volatility works both ways.

[kelson10]

If historical trends stay consistent, this might be the breakout week everyone’s been waiting for.