October. An exceptionally bullish month.

“History never repeats itself, but it does often rhyme.” - Mark Twain.

The last quarter of 2021 starts in less than a week. Summer is over and winter is coming to the Northern Hemisphere. October is a month of change. The days get shorter and the weather gets colder, and the leaves turn from green to brown.

Change. A transition. Summer to winter, winter to summer. It repeats itself every year. This change in earth's seasons impacts every human on earth. Physically, but perhaps alot more important and interesting are (subtle) psychological changes that happen without notice.

What happens in the crypto market in the month October? Especially, what happens with bitcoin. Change?

Let's have a look at the month October in bitcoins lifetime.

+28% in October 2020; starts the move towards the current ATH and price increases ~500% in roughly 6 months. 6 green monthly candles in a row + only 7 red weekly candles for the next 28 weeks.

+48% in October 2017; starts to curve vertical and goes parabolic. Price increases ~350% in just 11 weeks, which results in the market cycle peak and a blowoff top.

Change in momentum in October 2015; price decreased by ~80% from the 2013 market cycle peak to the bottom more than a year later. Sideways consolidation for about 9 months until October 2015. Bitcoin price starts trending upwards again.

+61% in October 2013; start of the parabolic move towards the market cycle peak. A price decrease and consolidation period that started in April ends. October kicks off the bullrun again and price increases ~850% in just 8 weeks.

This data is very interesting. One could argue that the month October coincides with a drastic change in market sentiment, on one condition: bitcoin is in a bullcycle and/or consolidation period. October in bitcoin bearmarket doesn't change the sentiment.

Ofcourse it's just speculating, and let that be clear. However, something happens in October that acts as a catalyst on the market. This catalyst changes market sentiment from neutral or somewhat bullish into extremely bullish starting from the month October.

The parabolic move towards a new ATH/market cycle peak and blow-off top always starts in October where it picks up momentum and shoots upwards to crazy new highs in a matter of weeks/months.

I'm really curious to see if this trend holds up. October coincides with the start of a parabolic move for every bullmarket cycle as of now. I know that past performance isn't a guarantee and history never repeats itself....but it'd sure be great if it continues to rhyme every bullcycle October.