History favors October as a strong month for Bitcoin. With bulls holding $115K support and eyeing $124K, Uptober could deliver—if resistance gives way.
Every October, crypto investors rally around a familiar narrative: “Uptober.” The term, born from the crypto community’s love for memes and market patterns, reflects the widespread belief that October tends to bring green candles for Bitcoin after September’s historical struggles. But is there truth behind the hype, and what do the charts suggest for Bitcoin’s next move?
Just as traders analyze cycles and technical levels, Outset PR applies a similar data-driven approach to communications, tracking media performance and market signals to craft campaigns that fit the moment. This combination of historical patterns and forward-looking analytics sets the stage for what could be another defining month for Bitcoin.
The phrase combines “up” with “October,” hinting at the market’s upward bias during this month. Historically, Bitcoin has shown one of its strongest monthly performances in October compared to other parts of the year. While September has often been synonymous with red closes—sometimes called “Septembear”—October has brought relief rallies and renewed bullish momentum.
For example, past data shows:
In 2020, Bitcoin gained over 28% in October, setting the stage for its run toward all-time highs.
In 2021, it surged 40% in October, reclaiming bullish dominance after a summer lull.
Even in weaker market conditions, October often marks a turning point from bearish sentiment to renewed optimism.
While no pattern is guaranteed, this seasonal rhythm keeps traders alert and fuels market psychology year after year.
Source: coinmarketcap
As of now, Bitcoin is showing technical strength consistent with the Uptober narrative:
30-Day SMA Reclaimed: BTC has moved back above its 30-day simple moving average at $113,173, showing short-term momentum recovery.
Fib Retest: Price tested the 23.6% Fibonacci retracement at $115,400, a key zone that bulls are actively defending.
RSI Signals Room to Run: With the Relative Strength Index (RSI) at 57, Bitcoin still has room before overbought conditions, suggesting upside potential.
MACD Weakness: The MACD histogram sits at –86.97, showing that bearish momentum hasn’t fully disappeared.
Resistance Ahead: A strong close above $117,911 (recent swing high) is needed to flip sentiment more decisively.
If bulls break through $117,911 with conviction, the next clear target is the 161.8% Fibonacci extension at $124,487. That level could become the next battleground between bulls and bears, potentially setting the tone for the rest of October.
The “Uptober Effect” isn’t just about historical averages—it’s also about market psychology. When enough traders expect October to be bullish, their collective positioning can amplify moves, adding fuel to rallies.
Right now, the technical picture shows Bitcoin defending crucial levels with more room to climb, but resistance remains firm. If BTC can confirm a breakout, Uptober may once again live up to its name.
If PR has ever felt like trying to navigate a foggy road without headlights, Outset PR brings clarity with data. It builds strategies based on both retrospective and real-time metrics, which helps to obtain results with a long-lasting effect.
Outset PR replaces vague promises with concrete plans tied to perfect publication timing, narratives that emphasize the product-market fit, and performance-based media selection. Clients gain a forward-looking perspective: how their story will unfold, where it will land, and what impact it may create.
While most crypto PR agencies rely on standardized packages and mass-blast outreach, Outset PR takes a tailored approach. Each campaign is calibrated to match the client’s specific goals, budget, and growth stage. This is PR with a personal touch, where strategy feels handcrafted and every client gets a solution that fits.
Outset PR’s secret weapon is its exclusive traffic acquisition tech and internal media analytics.
One of Outset PR’s most impactful tools is its in-house user acquisition system. It fuses organic editorial placements with SEO and lead-generation tactics, enabling clients to appear in high-discovery surfaces and drive multiples more traffic than through conventional PR alone.
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Case in point: Crypto exchange ChangeNOW experienced a sustained 40% boost in reach after Outset PR amplified a well-polished organic coverage with a massive Google Discover campaign, powered by its proprietary content distribution engine. |
Drive More Traffic with Outset PR’s In-house Tech
Outset PR obtains unique knowledge through its in-house analytical desk which gives it a competitive edge. The team regularly provides valuable insights into the performance of crypto media outlets based on the criteria like:
domain activity
month-on-month visibility shifts
audience geography
source of traffic
By consistently publishing analytical reports, identifying performance trends, and raising the standards of media targeting across the industry, Outset PR unlocks a previously untapped niche in crypto PR, which poses it as a trendsetter in this field.
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Case in point: The careful selection of media outlets has helped Outset PR increase user engagement for Step App in the US and UK markets. |
One of the biggest pain points in Web3 PR is the disconnect between effort and outcome: generic messaging, no product-market alignment, and media hits that generate visibility but leave business impact undefined. Outset PR addresses this by offering customized solutions. Every campaign begins with a thorough research and follows a clearly mapped path from spend to the result. It's data-backed and insight-driven with just the right level of boutique care.
The Uptober narrative remains powerful, backed by Bitcoin’s history of October rallies and current technical resilience. A breakout above $117,911 could open the path toward $124K, reinforcing bullish sentiment for the weeks ahead. Yet resistance and lingering bearish signals mean the market is far from settled.
In the same way that investors weigh probabilities and patterns, Outset PR leverages its proprietary analytics and trend monitoring to deliver clarity in uncertain markets. If Bitcoin can live up to the Uptober effect, it may confirm once again that data-backed momentum can shape outcomes—whether in crypto charts or PR campaigns.
You can find more information about Outset PR here:
Website: outsetpr.io
Telegram: t.me/outsetpr
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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