CZ hints at a potential ‘Uptober’ Bitcoin rally after September’s 5% gain, citing historical trends and upcoming catalysts.
Binance founder Changpeng “CZ” Zhao has hinted at a potential Bitcoin rally in October, referencing the cryptocurrency’s historical performance.
Following a positive September, in which Bitcoin recorded almost a 5% gain, CZ alluded to the possibility of another “Uptober” rally, drawing attention to past trends. This comes as market participants are looking forward to a potential continuation of the bullish trend.
Historical Bitcoin Performance Shows Potential for ‘Uptober’ Rally
CZ pointed to Bitcoin’s historical performance, particularly its surge during the 2015–2017 cycle. Between mid-2015 and October 2017, Bitcoin experienced a significant price increase, rising from $228 to over $4,300, representing a nearly 19-fold jump.
The trading volume at the time also spiked, showing strong market participation. This period of growth in October 2017 is often cited as one of Bitcoin’s most significant rallies, which CZ referenced while hinting at a similar surge this year.
Not predicting the future. And don’t get too excited.
A September in a past (my first) crypto cycle. Just data. 🤷♂️ pic.twitter.com/zcUOHSCh1r
— CZ 🔶 BNB (@cz_binance) September 30, 2025
However, CZ was careful to note that he was not predicting the future, but rather referencing past data. He emphasized that Bitcoin’s market tends to follow historical trends, and past October performances suggest a strong possibility for another uptick.
Despite this, CZ clarified that his comments were not a forecast but a reflection of the data.
October: Bitcoin’s Second-Best Performing Month
October has historically been one of Bitcoin’s strongest months, showing an average gain of 21.89%, according to CoinGlass data. This makes October the second-best performing month for Bitcoin, just behind November.
Bitcoin has also closed six consecutive Octobers with positive returns, five of which were double-digit gains. This sets up October as a month that could continue Bitcoin’s positive momentum.
Bitcoin’s ability to maintain these gains over multiple years is crucial in shaping market sentiment for the upcoming month.
Investors are closely watching to see if Bitcoin can replicate these past trends, especially after its positive close in September. If Bitcoin continues its performance from September into October, a strong rally could follow.
Positive Momentum and Upcoming Catalysts for Bitcoin
Bitcoin steady performance in September further supports the potential for a strong October. BTC is currently on track to finish the month with a 5% gain.
According to analysts, this sets a bullish case for October, where Bitcoin could see continued growth. Market analysts have also pointed out that Bitcoin’s positive correlation with gold could drive further momentum, as gold prices are on the rise.
#Bitcoin GREEN OCTOBER INCOMING 🌱📈
Historically, whenever #BTC closed September in green:
➡️ October always followed in green
➡️ and outperformed September’s returns.Will 2025 keep the streak alive? 👀 pic.twitter.com/gdZUATeTcz
— Titan of Crypto (@Washigorira) September 30, 2025
In addition to market sentiment, other factors could fuel Bitcoin’s rally. Analysts predict that potential developments, such as a Fed rate cut and progress with the CLARITY Act, could act as catalysts. These factors, combined with Bitcoin’s historical performance, provide a strong case for another uptick in October.
Overall, Bitcoin’s momentum from September, coupled with historical data and upcoming potential catalysts, suggests that October could be another strong month for the cryptocurrency.
As the market anticipates further gains, all eyes are on Bitcoin to see if it can live up to its “Uptober” reputation.