Some Bitcoin investors are holding their holdings tight and betting on a successful October, dubbed ‘Uptober.’ While traditional analysis suggests the cryptocurrency tends to perform well in October, is this just hype or a deeper truth? 2021 saw a surge of 40% in October thanks to the approval of first futures-based BTC ETFs. Historical data, however, paints a more complex picture. Since 2013, only two Octobers have ended with Bitcoin prices in the red (2014 and 2018). The cryptocurrency was down significantly in both instances – 13% and 3%, respectively – during turbulent periods marked by market downturns and regulatory scrutiny. In contrast, every other October has been a green month for Bitcoin, often seeing notable rallies. This optimism is backed by 2013’s gains of 61% as mainstream interest in Bitcoin began to grow. While September has historically been a challenging month for Bitcoin, achieving just modest gains this year after years of losses, the community seems to have tempered their expectations. This analysis delves into the historical trends surrounding October and how they might impact the future performance of Bitcoin.