Bitcoin’s price could bounce back by 21% in the next week, following historical trends. October has seen rare drops of more than 5%, with instances in 2017, 2018, 2019, and 2021. The month is typically strong for Bitcoin, with an average return of 20.14% since 2013.

After dipping to $102,000 due to US tariffs on China, Bitcoin has rebounded slightly to $112,468. If history repeats, Bitcoin could surge to $124,000, close to its all-time high. Some experts believe the uptrend will continue, with 21 days left in “Uptober.”

Bitcoiners remain confident in the cryptocurrency’s future, with some predicting a bottom in the current cycle. Long-term views suggest Bitcoin could reach $1M before a crash to $0.8M. Despite uncertainties, many are optimistic about Bitcoin’s potential growth.

Read more at Cointelegraph: Bitcoin Crash May Rebound In Coming Days If History Repeats