ChatGPT Forecast: Will Bitcoin Reach $135,000 in October?
After Bitcoin's recent correction, doubts about “Uptober” are beginning to emerge. We asked ChatGPT what the chances are for a positive October. This is the Bitcoin forecast for October according to ChatGPT 5.0.
Historically, October is one of the best months for Bitcoin: In 10 of the last 12 years, BTC has posted price gains in October. There hasn't been a “red” October since 2019—the last time BTC fell slightly in October was in 2018, when it saw gains of 48 percent (2017) and 40 percent (2021). The “Uptober” meme has therefore become a household name in the community.
It's also noteworthy that whenever Bitcoin was up in September, it was followed by a strong fourth quarter – October and November have the highest average returns of all months. In fact, Bitcoin has gained almost four percent so far in September 2025, reactivating this pattern.
On-chain data speaks for Uptober
ChatGPT points out that, according to Glassnode, investors aggressively exploited the pullback and bought BTC in the $108,000–$116,000 range, demonstrating a robust “buy the dip” effect. According to AI, this price range corresponds to a typical consolidation corridor following euphoric phases; a sustained breakout above $114,000–$116,000 should confirm the uptrend. Overall, Bitcoin is technically on solid ground, supported by a long-term uptrend and a return of buyers after brief periods of weakness.
From a regulatory perspective, there are also strong arguments for a year-end rally. Zondacrypto CEO Przemysław Kral commented to BTC-ECHO: “The upcoming establishment of a US-UK crypto task force could drive cryptocurrency adoption in both countries, which will likely have a positive impact on the price.”
Fear and Greed Index: Room for improvement for Bitcoin
Market sentiment is also neutral – and has room to grow: The Crypto Fear & Greed Index currently stands at 44 out of 100. There's no sign of greed or overconfidence, which often mark price peaks. This subdued sentiment offers room for positive surprises: As long as there is no excessive market euphoria, a further price increase can occur without immediate, massive profit-taking, according to the LLM.
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Against the backdrop of this data, a bullish baseline scenario emerges for October 2025. Historically, the average return in October is around 20 percent positive – if this were to prove true, Bitcoin would rise to around $135,000 by the end of the month. Even an increase in this range would mark a new all-time high and confirm the uptrend.
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Sources
- Coinglass
- Glassnode