During the last 12 months, Bitcoin prices have been going down steadily and now reached the lowest price over the course of the year. This made the investors question the stability and profitability of Bitcoin. And looking back at the whole stock market changes over the last several months, we have to consider carefully, whether Bitcoin is worth investing in general?

Will October be bullish or bearish? Let’s take a closer look at past performance and try to analyze it, so that we can predict the future in terms of Bitcoin prices.

October is typically a good month for the cryptocurrency market, with some of the best returns over the course of the whole year. However, October 2022 has been a different story. The price of Bitcoin fell sharply and might volatile around $18,700 for most of the month.

With the latest news about the increasing difficulty of mining and hash difficulty rising drammatically, Bitcoin might now feel so good for a couple of months.

As October has always been a rising month for Bitcoin, some might even call it Uptober (this term is kind of new). The average monthly return was around 11.43% from 2013 to 2017. Uptober has always been the second-most bullish month for cryptocurrencies, with an average monthly return of 12.06%.

With the recent bear market and new SEC regulations, could we see a bull run in October? 66% of investments turned out to be profitable during every fall. One possible explanation is that investors used to allocate more funds to Bitcoin given its record-breaking rise in 2017. But the past performance is not reflective of the future and Bitcoin might follow the bear market trend with the rest of shares and stocks.

The answer of the future of Bitcoin prices is unclear but the thoughts are based on past performance of the cryptocurrency and the latest technological news. In general, Fall is a good time for investments as shares are usually going up.

And at sight of several stablecoins considered to collapse by the end of the year (Terra’s algorithmic stablecoin UST is the example), Bitcoin might become even more valuable for investors and stock shareholders than it used to be before. Much because of the financial security it provides.