Bitcoin completed September, which ended yesterday, with an increase of 9.3%. According to Coinglass’s data, this was the best September performance of the largest cryptocurrency since 2013.

“5 bull season started in October”

On-chain analysis platform Lookonchain claimed that 5 bull seasons started in October and shared a chart about this situation. It did not go unnoticed that the platform also considered 2020 and 2021 as separate bull seasons. As it will be remembered, serious rises in Bitcoin occurred after October 2020. A month after October in 2021, the largest cryptocurrency broke the record of that period with $69,000.

However, most analysts see this rise in 2021 as the last phase of the bull season that started in 2020. Therefore, the October months of 2020 and 2021 are not seen as separate bull starts.

Octobers are generally positive

Again, according to Coinglass’ data, only two of the 11 October months since 2013 have ended “red” for Bitcoin. The largest cryptocurrency ended October last year with an increase of 28.5%. The highest rate was 60% in October 2013.

In the cryptocurrency world, October is characterised as ‘Uptober’. This phrase, which is a combination of the words ‘October’ meaning ‘October’ and ‘Up’ meaning ‘up’ in English, is used to show that this month usually ends with a rise.