JAKARTA - The crypto market is increasingly optimistic about the 'Uptober' after the Fed's chances of cutting interest rates. On Thursday, October 2, Bitcoin was seen perched at the level of US$118,000 (Rp1.95 billion).
Historically, October is Bitcoin's strongest month, where Bitcoin has seen an increase in 10 of the last 12 years, according to Compass Point Research, which led crypto actors to call the month an "Uptober."
"Bitcoin is trying to get out of its Monthly Range on the first day of the new October," said popular trader and analyst Rekt Capital in his latest comments on X.
Sebelumnya, Ajaib mencatat bahwa Bitcoin berhasil menutup bulan September 2025 dengan kinerja positif, dengan catatan kenaikan solid sebesar +5,4%.
Throughout September, Bitcoin moved in the range of 107.271 US dollars or Rp1.78 billion (lowest) to 117.911 US dollars or Rp1.95 billion (highest).
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The Magic Financial Expert, Panji Yudha, also saw Bitcoin historical data in October signaling a very strong bullish signal.
Based on existing data, Bitcoin's average monthly return in October reached +21.89%, with a median value of +21.20%.
"Positive record for 9 of the last 13 years has made investors optimistic that the rebound momentum from September will continue, providing a significant boost for Bitcoin in early Quarter IV," he explained.
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