Bitcoin Drama: Will It Bounce Back? 🚀

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Oh, darling, the digital frivolity continues! It appears our friends in the world of Bitcoin are having a bit of a wobble. Apparently, if one consults the tea leaves – or rather, October’s historical performance – there’s a chance things might perk up by as much as 21% in the next week. One simply *must* admire the optimism, even if it’s based on… well, history. 🙄

Economist Timothy Peterson, rather dramatically, noted on that ghastly X platform that drops of more than 5% in October are “exceedingly rare”. Only four times in the past decade, you see. As if that makes it remotely reassuring! It’s all terribly exclusive, isn’t it?

Those occasions – 2017, 2018, 2019, and 2021 – saw Bitcoin enjoying varying degrees of recovery. 16%, 4%, 21%… and then 2021, of course, which rather spoiled the fun with a further dip. Honestly, one can’t win. 🤷

October, it seems, is rather affectionately nicknamed “Uptober”. How… predictable. Still, since 2013, it’s been Bitcoin’s second-best month, trailing only November. Apparently, November is where the real excitement happens. Who knew?

If History Deigns To Repeat Itself, Bitcoin May Ascend To $124,000

This little flutter of hope arose after Bitcoin took a bit of a tumble to $102,000, prompted by Mr. Trump’s rather forceful tariff declaration. Honestly, the world is simply *full* of drama these days. It has since recovered somewhat to $112,468, having briefly touched $125,100. Such volatility! It’s exhausting.

If we are to believe this historical pattern – and why should we? – a 21% rebound from Friday’s low could see Bitcoin flirting with $124,000. One almost feels a headache coming on from all the numbers. 🤕

Bitcoin Enthusiasts Remain, Bless Them

Naturally, the Bitcoin faithful remain resolutely cheerful. Jan3’s Samson Mow reminds us there are still 21 days of “Uptober” left. And MN Trading Capital’s Michael van de Poppe boldly proclaims this to be “the bottom of the cycle.” How wonderfully confident!

Others, predictably, are offering longer-term, slightly alarming prophecies. One Bitcoin Libertarian anticipates a future crash from $1M to $0.8M, followed by declarations of “a new record high amount of liquidations.” My dear, isn’t it all just dreadfully exciting?

“Let history repeat,” he urges. One can only hope it does something marginally less terrifying. ✨

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2025-10-11 04:58