The world’s largest cryptocurrency, Bitcoin (BTC), had a pretty good year with its triple-digit growth. The asset hit a new all-time high ahead of the much-awaited halving event. BTC rallied 135% throughout the year, reaching a peak of $73,750.07. But the market is yearning for more.

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Bitcoin Performance and Predictions for ‘October’

Bitcoin investors are eagerly waiting for KingCoin to make new highs. After the halving event, the asset is expected to increase. Many believe that October could be the month in which BTC rises.

Historic performance in October

Historically, BTC has performed exceptionally well during the tenth month of the year. The asset has had some amazing gains during nine of the last eleven Octobers since 2013, leading the community to label October as ‘Optuber’.

Current market situation

While the industry hopes to witness a bullish month, BTC started October on a sad note. The asset recorded a slight decline over the past 24 hours and was trading at $63,890.33 at press time.

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Bitcoin’s ‘October’ Prediction

Chat GPT Forecast

ChatGPT provided a projection based on average and average monthly historical results from the beginning of October to the closing prices. According to the chatbot, BTC will trade between $80,800 and $83,900 by the end of the month.

Changeling’s Prophecy

In addition, Changeli predicted more bullishness for KingCoin. Bitcoin will rise to $88,406 in October, the forecasting firm revealed. The asset will trade at an average price of $76,671. The lowest price of BTC is its current level.

Potential Impact on Investors

If any of these predictions come true, Bitcoin investors will be in for a treat. The asset is currently 13% below its peak, and a potential rally above $80,000 would be a game changer.

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