Binance’s CZ Sparks ‘Uptober’ Buzz with 2017 Bitcoin Rally Chart

The CZ of Binance recreates the Bitcoin ‘Uptober’ hype, recapping the 300% climb of 2017. The history of October gains indicates the potential BTC rise of $130K in 2025.

Recently, Binance founder Changpeng Zhao, or CZ, tweeted an eye-catching Bitcoin price chart that was published in October 2017. 

Source – X

The chart reveals the 300% increase in Bitcoin between 4,319 to over 17,000 in a few weeks. CZ pointed out that this is not a prediction but is merely historical data, but his timing aligns with the beginning of October, which has the benefit of being a historically robust month with regard to Bitcoin profitability.

The month of September ended with the price of Bitcoin increasing by about 4.57 per cent to about 113,000, nearly doubling its typical September performance of being weak. 

September has an average -4.9 drop in Bitcoin historically. This further lures the promise of October, wherein Bitcoin has experienced gains on 9 of the past 14 Octobers, with the highest gains being as much as 40 percent or more.

Strong Octobers in the past were 2017: +49% and 2020: +28.1%, and 2021: +40. Using these trends in relation to the existing prices, analysts believe that the value of Bitcoin may soar up to $128,000 and 130,000, with an optimistic forecast of about $140,000.

Uptober Hype triggered by October Gains in the past.

October is widely known as a bullish month for Bitcoin. Bitcoin has posted positive returns in 10 out of 12 years during the month of October since 2013. 

This predictability generates Uptober hype, in which investors anticipate substantial price gains. The six most recent Octobers have all been higher, and the average gains have been greater than 27.

The expectation increases with October 2025 coming through with a larger market optimism. The high seasonality level and the existing interest of investors create speculation of a significant increase in Bitcoin prices. 

Traders note that despite the gains in September, in October, the bullish nature of gains tends to pick up.

CZ’s Market Reminder: Data, Not a Prediction

CZ reminded his followers that his chart is not a prediction, but rather a reminder of old market cycles. 

In his tweet, he said: Not predicting the future. And do not be too excited, says the necessity of care. However, the historical records have indicated clearly the ability of the month of October to reverse the tide following the weaker months of September.

This point of view is close to a lot of traders who seek guidance in the seasonal trends of cryptocurrency. 

Although the external economic factors may influence the performance, the importance of the history of October is also a major pointer in the market mood.