BTC Price Eyes Drop to $70K After a Red October

Will BTC’s painful efficiency as of late proceed in November?

October started with large guarantees of value will increase, new information, and a bull run’s continuation. And, it delivered within the first week. Bitcoin’s value, which was already on the rebound in late September, broke previous $120,000 and its earlier all-time excessive and set a brand new document of simply over $126,000.

However then it began to go improper for your complete cryptocurrency market, and BTC was on the forefront of losses, particularly on two bloody Fridays. Extra exactly, the biggest digital asset plunged from over $121,000 to $101,000 (on some exchanges) on October 10 and, regardless of a short restoration try, plummeted once more to $104,000 per week later.

The month continued with some extra optimistic developments, equivalent to lower-than-expected inflation numbers for September, rate cuts by the US Federal Reserve, and promising commerce deal information on the Washington-Beijing entrance. These helped BTC recuperate some floor, however not as a lot as many anticipated, and the asset nonetheless closed October, a traditionally extremely bullish month, barely within the crimson.

Is This a Dangerous Prophecy?

With a 3.69% decline in October 2025, BTC broke a six-year streak of inexperienced months. Knowledge from CoinGlass exhibits that the asset charted double-digit features in 5 of these earlier six Octobers, with the one exception being the bear market in 2022.

We have to rewind the clocks to October 2018 to see the earlier such month with a value decline, which was fairly just like the 2025 version. On the time, BTC closed with a 3.83% drop. Nevertheless, what adopted was fairly painful and, if historical past repeats, means that BTC may plunge to as little as $70,000 in November.

Final time October closed at -3% for $BTC,

it was adopted by a -36% drop in November pic.twitter.com/eRuW88XPBp

— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) October 30, 2025

$70K Subsequent?

In November 2018, the month after the earlier crimson October, bitcoin’s value plunged by 36.57%. The 2018 bear market was notably dangerous because the cryptocurrency culminated with a dump under $3,000 in December, which additionally noticed a 5% decline.

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In fact, the panorama now could be totally totally different. BTC is now not only a “faux web coin;” as a substitute, it’s a multi-trillion-dollar behemoth backed by establishments, distinguished traders, and even governments. Additionally, we all know that historical past shouldn’t be an ample value prediction device, nevertheless it’s nonetheless value observing given BTC’s actions within the earlier November that adopted a bloody October.