Bitcoin began October with high hopes for continued growth and price increases after a strong September rally. The asset briefly exceeded $126,000 before experiencing sharp drops in the latter half of the month, culminating in a 3.69% decline by year-end. This marked the first red October in six years, defying historical trends that usually saw bullish outcomes. Despite positive developments such as lower inflation and potential trade deal breakthroughs, Bitcoin’s recovery was limited, leaving it slightly down for the month. 2018 provides a cautionary tale – with a similar decline, Bitcoin plunged by 36.57% in November following a red October, plummeting to a low of $3,000 by year-end. Could a similar scenario play out this November? This raises concerns about potential price drops for the world’s largest cryptocurrency. It’s important to note that historical trends shouldn’t be viewed as definitive predictors but are nevertheless worth considering given Bitcoin’s volatility and past performance.