Historical past Says Warning: BTC Value Eyes Drop to $70K After a Purple October

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

October started with massive guarantees of worth will increase, new data, and a bull run’s continuation. And, it delivered within the first week. Bitcoin’s worth, 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 fallacious for your entire cryptocurrency market, and BTC was on the forefront of losses, particularly on two bloody Fridays. Extra exactly, the most important digital asset plunged from over $121,000 to $101,000 (on some exchanges) on October 10 and, regardless of a quick restoration try, plummeted once more to $104,000 every week later.

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

Is This a Unhealthy Prophecy?

With a 3.69% decline in October 2025, BTC broke a six-year streak of inexperienced months. Information from CoinGlass reveals that the asset charted double-digit positive aspects 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 worth decline, which was fairly much 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 might 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 pink October, bitcoin’s worth 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’s solely completely different. BTC is not only a “pretend web coin;” as an alternative, it’s a multi-trillion-dollar behemoth backed by establishments, distinguished buyers, and even governments. Additionally, we all know that historical past is just not an enough worth prediction device, nevertheless it’s nonetheless value observing given BTC’s actions within the earlier November that adopted a bloody October.