History Says Caution: BTC Price Drops to $70,000 After a Red October – BitRss – Crypto World News

October started with big promises of price increases, new records and a continuation of the bull run. And it was delivered in the first week. Bitcoin’s price, which had already been recovering in late September, broke past the $120,000 mark and the previous all-time high, setting a new record of just over $126,000.

But then it all started going wrong for the entire cryptocurrency market, and BTC ($110,125.00) led the way in losses, especially on two bloody Fridays. To be precise, the largest digital asset fell from over $121,000 to $101,000 (on some exchanges) on October 10 and, despite a brief recovery attempt, fell again to $104,000 a week later.

The month continued with some more positive developments, including lower than expected September inflation figures, interest rate cuts by the US Federal Reserve and promising trade deal news on the Washington-Beijing front. These helped BTC recover some ground, but not as much as many expected, and the asset still ended October, a historically very bullish month, slightly in the red.

Is this a bad prophecy?

With a 3.69% decline in October 2025, BTC broke a six-year streak of green months. CoinGlass data shows that the asset posted double-digit gains in five of the previous six Octobers, with the lone exception being the 2022 bear market.

We have to turn back the clock to October 2018 to see the previous month with a price drop, which was quite similar to the 2025 edition. BTC closed with a drop of 3.83% at the time. However, what followed was quite painful and, if history repeats itself, suggests that BTC could fall to $70,000 in November.

Last time October closed at -3% for $BTC,

it was followed by a -36% decline in November pic.twitter.com/eRuW88XPBp

— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) October 30, 2025

$70K Next?

In November 2018, the month after the previous Red October, the price of bitcoin fell by 36.57%. The 2018 bear market was particularly damaging as the cryptocurrency culminated in a dump below $3,000 in December, which also saw a 5% decline.

Of course the landscape is very different now. BTC is no longer just a ‘fake internet currency’; instead, it is a multi-trillion dollar behemoth backed by institutions, top investors and even governments. We also know that history is not an adequate tool for price prediction, but it is still worth observing given BTC’s moves last November, which followed a bloody October.

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