Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's recent performance in October known as 'Uptober' was disappointing, breaking a six-year trend where the month usually ends positively. Analysts observed that October closed down 8.5%. In contrast, November, dubbed 'Moonvember', has seen an average gain of approximately 42.5% since 2013, although this figure is skewed by an exceptional year in 2013 which reported a 449% increase. Most Novembers, however, yield closer to a 9% increase, showcasing the differences between average and median returns. Recent years have experienced variability in November outcomes, ranging from losses in 2021 and 2022 to gains in 2024. Analysts caution that while 'Moonvember' is generating buzz, it should not be viewed as a guaranteed trading signal but rather a context for potential price movements without definitive confirmation from market trends.

Source 🔗