Bitcoin Surpasses $87,000 as October Begins with Positive Momentum
- Bitcoin rose to over $87,000 in early October after a September gain of 6.5%.
- Historically, Bitcoin has closed higher in October in 10 of the last 13 years (76.9% success rate).
- The average return for Bitcoin in October from 2013 to 2025 was approximately 18.71%, with a median return of about 12.73%.
- As of September’s end, Bitcoin closed at $83,563, above its estimated realized price of $54,000 and its moving average of $66,000.
- Data showed that around 82% of Bitcoin addresses and approximately 71% of the total supply were in profit at the end of September.
With October traditionally seen as “Uptober” due to Bitcoin’s positive performance during this month, the cryptocurrency started strong by trading near $87,000 on the Binance market.
The significant rise follows a solid September close above key financial indicators, reinforcing optimism within the crypto community as historical trends suggest favorable outcomes for Bitcoin this month.
