October 2025 has already earned the title of Bitcoin’s Second Worst October Ever. This is a surprising turn in a month that has usually been favored by bulls.
Source: Alpharactal
In fifteen years, only four Octobers have closed in the red. But with a 73% chance of finishing in the green, the odds are still in Bitcoin’s favor.
Despite the shaky start, many think the month could turn bullish before it ends, keeping the streak alive.
Here’s where it gets interesting
A rare signal in the BTC/Gold ratio said the tide could soon turn.
Source:
According to recent data the ratio has so far reached levels only seen at major market bottoms, times that are often the best times to switch from gold to Bitcoin.
The BTC/Gold Oscillator has been hovering around -1.8, historically tied to cycle lows where BTC starts to outperform gold.
As Alphractal CEO Joao Wedson put it, the chart “basically” screams that it’s “time to sell gold and buy Bitcoin.”
With gold at its peak and Bitcoin showing bottom signals, the risk-reward equation may now favor crypto over the classic safe haven.
Bears lose momentum around $107,000
After days of brutal selling, Bitcoin appeared to be stabilizing around $107,000 at the time of writing.
Source: TradingView
The daily chart showed weakening bearish momentum, with the RSI indicating that BTC was in oversold territory. Meanwhile, the MACD histogram became flatter; a possible reversal of momentum as buying volume occurs.
However, BTC was still trading below the key EMAs (20, 50, 100), keeping the broader trend bearish.
A decisive move above $110,000 could confirm the recovery, but until then, a little optimism won’t hurt anyone.