Bitcoin could go “to the moon” in October, if the asset follows its historic worth sample for the month, in accordance with Compass Point. The world’s oldest cryptocurrency notched gains in 10 of the final 12 Octobers since 2013, making it the strongest month for the asset by way of seasonality. The digital asset’s traditionally strong efficiency in October has led bitcoiners to rechristen the month “Uptober.” “October’s strength is typically supported by September weakness, where seasonally softer September performance historically improves October’s [month-over-month] setup,” Compass Point analyst Ed Engel mentioned Tuesday in a be aware to purchasers. Those seasonal tailwinds come as macroeconomic circumstances turn into extra dire, including to the catalysts for an additional potential bitcoin rally. The U.S. authorities shut down on Wednesday after lawmakers’ efforts to succeed in a deal on federal funding stalled, prompting some merchants to show to bitcoin as a hedge towards rising political and financial uncertainties. The cryptocurrency rose practically 3% on Wednesday, crusing north of $117,000 — a number of share factors off its document worth hit in August 2025. The token is up greater than 90% over the previous yr, largely boosted by President Donald Trump’s ratcheting again of federal laws on the asset and its business. If historical past is any indication, bitcoin is poised to go even greater this month. However, the bar for it to e book massive month-over-month gains this October can be greater, because of the asset’s better-than-expected efficiency final month, in accordance with Compass Point. BTC.CM= YTD mountain Bitcoin yr up to now Bitcoin gained 5% this September, whereas it has traditionally ended the sluggish summer season month decrease.