Bitcoin Uptober Cliffhanger: Will BTC Close the Month Green?
The post Bitcoin Uptober Cliffhanger: Will BTC Close the Month Green? appeared on BitcoinEthereumNews.com.
In brief Bitcoin trading at $115,542, nearly 1% above the critical $114,200 monthly open level. Technical indicators show bullish momentum after a major correction earlier this month. Sentiment on prediction markets remains strong, but the upcoming Fed meeting and trade talks with China could swing things in either direction. It’s been an up and down month of October for Bitcoin traders and investors, despite the seasonal promise of “Uptober” gains. Historically, October has been good for Bitcoin holders, posting a green month 10 out of the last 12 years and delivering average gains of more than 20%. At the moment, Bitcoin stands at a relatively meager +1.14% for the month, according to data from Coinglass. Bitcoin spiked above $123,000 in early October before plummeting to $107,000 mid-month—a 13% correction that wiped out weeks of gains in a matter of days. Since then, bulls have been grinding back, recovering to current levels around $115,000. Currently trading at $115,542, Bitcoin has managed to hold above this critical threshold despite choppy price action throughout October. The question now facing traders: Will Uptober live up to its name and see Bitcoin finish in the green? Traditional markets are firing on all cylinders, with the S&P 500 hitting fresh record highs above 6,900 points on Tuesday. Investors are pricing in a potential quarter-point rate cut when the Federal Reserve announces its decision Wednesday, which would bring rates down to the 3.75%-4.00% range—typically bullish territory for risk assets like crypto. Adding fuel to the rally, Treasury Secretary Scott Bessent hinted at a framework for resolving U.S.-China trade tensions ahead of a meeting between Presidents Donald Trump and Xi Jinping next week. This combination of dovish monetary policy and easing geopolitical risks has propelled the risk-on sentiment that crypto markets typically track. Perhaps most tellingly for…
Filed under: News - @ October 30, 2025 12:28 am