As we have come to expect from Bitcoin, the months of November and October each year mark its strong annual rise. Is it time for the rise this year?
The annual rise of Bitcoin from 2020 to 2025
1. October 2020
In October 2020, the price of Bitcoin rose significantly, reaching around $13,200.
2. October 2021
In October 2021, Bitcoin recorded a significant increase, reaching $66,975.
October 3, 2022
In October 2022, the cryptocurrency experienced a decline, as the price of Bitcoin dropped to around $19,800.
October 4, 2023
In October 2023, Bitcoin started to rise again, reaching over $42,000.
October 5, 2024
In October 2024, the price of Bitcoin reached around $73,803.
October 6, 2025 (Forecast)
October 2025 is expected to witness a new peak, as forecasts suggest that Bitcoin could reach $124,457, but after this rise, it declined below $110,000. Is the rise now inevitable after the correction?
Data shows that Bitcoin often reaches its peaks in October and November, indicating a seasonal pattern in its prices. This may be related to several factors, including global economic events, developments in the cryptocurrency market, and changes in financial policies.
